Notes to SEFA
Title: Basis of Presentation
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the ten-percent de minimus indirect cost rate allowable under the Uniform Guidance.
includes the federal award activity of Mount Vernon Neighborhood Health Center, Inc. d/b/a Westchester Community Health Center (the “Center”) 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 Center, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Center.
Title: Non-Cash Awards
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the ten-percent de minimus indirect cost rate allowable under the Uniform Guidance.
for Women, Infants and Children (Federal Assistance Listing Number 10.557), whereby the grantor generates the food checks to be distributed by the Center to the recipients. In accordance with accounting principles generally accepted in the United States of America, the food checks are not included on the statements of operations and changes in net assets since they are agency transactions. The fair value of the checks received and transferred for the year ended December 31, 2023 were approximately $3,720,000. The Center also received $1,309,907 in donated vaccinations (as part of the Immunization Cooperative Agreements, Federal Assistance Listing Number 93.268) and is included in the 2023 statement of operations and changes in net assets. Both of these amounts are included in the Schedule.