Notes to SEFA
Accounting Policies: 1. The accompanying schedule of expenditures of federal awards (Schedule) includes the federal
award activity of First Choice Primary Care, Inc. (Organization), (a nonprofit organization),
under programs of the federal government for the year ended April 30, 2024. 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 Organization, it is not intended to and does not
present the financial position, change in net assets, or cash flows of the Organization.
2. Expenditures reported on the Schedule are reported on the accrual basis of accounting which
is consistent with the preparation of the Organization’s financial statements. 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.
3. The Organization did not have any non-cash awards during the fiscal year.
4. The Organization has elected to not use the 10% de minimis indirect cost rate under the
Uniform Guidance.
5. There were no awards passed through to subrecipients.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10% de minimis indirect cost rate under the
Uniform Guidance.