Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures are reported on the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Delta Health Center is exempt form using the indirect cost rate allowed under the Uniform Guidance.
The accompany schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Delta Health Center under programs of the federal government for the year ended February 29, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U. S. Code for 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 Delta Health Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Delta Health Center.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures are reported on the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Delta Health Center is exempt form using the indirect cost rate allowed under the Uniform Guidance.
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.
Title: Indirect Cast Rate
Accounting Policies: Expenditures are reported on the full accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Delta Health Center is exempt form using the indirect cost rate allowed under the Uniform Guidance.
The Delta Health Center is exempt from using the indirect cost rate allowed under the Uniform Guidance.