Notes to SEFA
Title: Note 1: General
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Access Health Louisiana and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: AHL elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards presents the revenues from federal
awards of Access Health Louisiana (AHL) as defined in Note 1 to AHL’s basic financial statements for
the year ended February 29, 2024. All federal financial assistance that was received directly from
federal agencies is included on the schedule, as well as federal assistance passed through other
government agencies.
Title: Note 4: Federally Funded Insurance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Access Health Louisiana and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: AHL elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
AHL has no federally funded insurance.
Title: Note 5: Noncash Assisstance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Access Health Louisiana and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: AHL elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
AHL did not receive any federal noncash assistance for the fiscal year ended February 29, 2024.
Title: Note 6: Loan
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Access Health Louisiana and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: AHL elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
AHL did not expend federal awards related to loans or loan guarantees during the year.
Title: Note 7: Reconciliation Of Governmental Support To Expenditures Of Federal Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Access Health Louisiana and is presented on the accrual basis of accounting. 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).
De Minimis Rate Used: N
Rate Explanation: AHL elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Below is a reconciliation of the schedule of expenditures of federal awards to the governmental support as presented on the statement of activities.