Notes to SEFA
Accounting Policies: 1. The accompanying schedule of expenditures of federal awards (Schedule) includes the federal
award activity of Health Ministries Clinic, Inc. (Clinic) 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 the Clinic, it is not
intended to and does not present the financial position, change in net assets, or cash flows of
the Clinic.
2. Expenditures reported on the Schedule are reported on the accrual basis of accounting which
is consistent with the preparation of the Clinic’s financial statements. 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.
3. The Clinic did not have any non-cash awards during the fiscal year.
4. The Clinic has elected to not use the 10% de minimis indirect cost rate under the
Uniform Guidance.
5. There were no awards passed through to sub-recipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.