Audit 318398

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of MedCura Health, Inc. (MedCura) under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of MedCura, it is not intended to and does not present the financial position, changes in net assets or cash flows of MedCura. De Minimis Rate Used: N Rate Explanation: For the year ended December 31, 2023, MedCura did not elect to use the 10% De minimus Indirect Cost Rate permitted by Uniform Guidance. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures were recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. MedCura has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.