Notes to SEFA
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTINGThe accompanying schedule of expenditures of federal awards includes the federal awardactivity of Georgia Charitable Care Network, Inc. (the Organization) under programs ofthe federal government for the year ended December 31, 2022. The information in thisSchedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presentsonly a selected portion of the operations of the Organization, it is not intended to and doesnot present the financial position, changes in net assets, or cash flows of the Organization.NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the cash basis of accounting. Suchexpenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. Negative amounts shown on the Schedule represent adjustments or creditsmade in the normal course of business to mounts reported as expenditures in prior years.
De Minimis Rate Used: Y
Rate Explanation: NOTE 3 INDIRECT COST RATEThe Organization has elected not to use the 10-percent de minimis indirect cost rateallowed under the Uniform Guidance.