Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The auditee does not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (schedule) includes the federal award activity of GPHA, 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 GPHA, it is not intended to and does not present the financial position, changes in net assets, or cash flows of GPHA.
Title: Basis of Accounting
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The auditee does not use the de minimis cost rate.
The schedule of expenditures of federal awards is presented on the accrual basis of accounting.
Title: Indirect Costs
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The auditee does not use the de minimis cost rate.
GPHA has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: American Rescue Plan Act
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The auditee does not use the de minimis cost rate.
The ARP funding included on the Schedule of Federal Expenditures (AL No. 93.224) was disbursed only to prevent, mitigate and respond to COVID-19.