Notes to SEFA
Title: Basis of Presentation
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 allowed or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The American Rescue Plan – Funding for Look-Alikes award does not allow for indirect expenses to be covered under grant.
The Accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Greater Fresno Health Organization Inc 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 Greater Fresno Health Organization Inc, it is not intended to and does not present the financial position in net assets, or cash flows of Greater Fresno Health Organization Inc.
Title: Summary of Significant Accounting Policies
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 allowed or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The American Rescue Plan – Funding for Look-Alikes award does not allow for indirect expenses to be covered under grant.
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 allowed or are limited to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 allowed or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The American Rescue Plan – Funding for Look-Alikes award does not allow for indirect expenses to be covered under grant.
Greater Fresno Health Organization Inc has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Non-Cash Awards
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 allowed or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The American Rescue Plan – Funding for Look-Alikes award does not allow for indirect expenses to be covered under grant.
Greater Fresno Health Organization Inc did not have any outstanding federal loans or loan guarantees or insurance and did not receive non-cash awards during the year ended December 31, 2023.