Notes to SEFA
Title: Basis of presentation
Accounting Policies: The expenditure threshold for classification as a Type A program is $750,000.
For purposes of the Schedule, expenditures for federal and state programs are recognized 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 allowable or are limited as to reimbursement.
The Association did not receive or expend any federal or state awards during fiscal year 2023 in the form of non-cash assistance or provide any funds to subrecipients.
De Minimis Rate Used: Y
Rate Explanation: The Association has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and State Awards (the "Schedule") includes the federal grant activity of Tennessee Primary Care Association, Inc. ("Association"). The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations ("CFR") 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 Association, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Association.