Audit 318697

Title: BASIS OF ACCOUNTING Accounting Policies: 1. GENERAL The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the activity of all federal award activity of East Hill Family Medical, Inc. (East Hill) 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 East Hill’s operations, it is not intended to, and does not, present the financial position, change in net assets, or cash flows of East Hill. Amounts included in the accompanying Schedule are actual expenditures for the year ended December 31, 2023. Differences between amounts included in the Schedule and amounts reported to funding agencies for these programs result from report timing. De Minimis Rate Used: N Rate Explanation: The auditee does not use De Minimis cost rate. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.