Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basisof accounting. Such expenditures are recognized following the costprinciples contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (theSchedule) includes the federal grant activity of The Center for DiseaseDynamics, Economics & Policy, Inc. and Subsidiary d/b/a One HealthTrust (the Organization) under a program of the Federal Government forthe year ended December 31, 2021. The information in this Schedule ispresented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operationsof The Center for Disease Dynamics, Economics & Policy, Inc. andSubsidiary d/b/a One Health Trust, it is not intended to and does notpresent the financial position, changes in net assets, or cash flows of TheCenter for Disease Dynamics, Economics & Policy, Inc. and Subsidiary d/b/aOne Health Trust.