Notes to SEFA
Title: RECONCILIATION OF FEDERAL AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Detroit Community Health Connection, Inc. (the Center) and is presented using the accrual basis of accounting. The information in this 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. The expenditures in the Schedule of Expenditures of Federal Awards are in agreement with the amounts reported in the Center's accounting system and reports submitted to the Department of Health and Human Services. Although some grant awards are for different periods than the Center's fiscal year, all expenditures in the schedule are for the year ended January 31, 2024.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal awards revenue for the year ended January 31, 2024 is reported as follows:
Expenditures per Schedule of Expenditures of Federal Awards $ 7,007,485
Provider Relief Funds (AL# 93.498)
Revenue in prior year on the Statement of Activities, reported on current year Schedule of Expenditures of Federal Awards (450,420)
Federal Grants per Statement of Activities $ 6,557,065
Title: SUBSEQUENT EVENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Detroit Community Health Connection, Inc. (the Center) and is presented using the accrual basis of accounting. The information in this 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. The expenditures in the Schedule of Expenditures of Federal Awards are in agreement with the amounts reported in the Center's accounting system and reports submitted to the Department of Health and Human Services. Although some grant awards are for different periods than the Center's fiscal year, all expenditures in the schedule are for the year ended January 31, 2024.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
All subsequent events related to the major programs were evaluated through October 25, 2024, the date the accompanying reports were available to be issued. No significant event was noted that required adjustment or disclosure in the report.