Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of South Plains Public Health District for the year ended December 31, 2023. Matching costs, the nonfederal share of certain program costs, are not included in the Schedule. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of South Plains Public Health District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of South Plains Public Health District.
De Minimis Rate Used: N
Rate Explanation: South Plains Public Health District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
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. Those federal programs presenting negative amounts on the Schedule are the result of adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Relationship to Federal Financial Reports
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of South Plains Public Health District for the year ended December 31, 2023. Matching costs, the nonfederal share of certain program costs, are not included in the Schedule. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Because the Schedule presents only a selected portion of the operations of South Plains Public Health District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of South Plains Public Health District.
De Minimis Rate Used: N
Rate Explanation: South Plains Public Health District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The regulations and guidelines governing the preparation of federal financial reports vary by federal agency and among programs administered by the same agency. Accordingly, the amounts reported in the federal financial reports do not necessarily agree with the amounts reported in the accompanying Schedule which is prepared on the basis explained in Note 1.