Title: Summary of Significant Accounting Policies
Accounting Policies: Basis of Presentation
The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Albuquerque Health Care for the Homeless, Inc. (AHCH) and is presented on the accrual basis of accounting. The information in the 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 AHCH, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHCH.
Other Direct Reimbursements
AHCH receives certain direct reimbursement revenue from federal agencies under the Medicare and Medicaid programs, which are not subject to the requirements of Uniform Guidance and are not presented in the accompanying schedule.
De Minimis Rate Used: N
Rate Explanation: AHCH negotiated its own indirect cost rate.
Basis of Presentation
The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Albuquerque Health Care for the Homeless, Inc. (AHCH) and is presented on the accrual basis of accounting. The information in the 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 AHCH, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHCH.
Other Direct Reimbursements
AHCH receives certain direct reimbursement revenue from federal agencies under the Medicare and Medicaid programs, which are not subject to the requirements of Uniform Guidance and are not presented in the accompanying schedule.
Title: Subrecipients
Accounting Policies: Basis of Presentation
The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Albuquerque Health Care for the Homeless, Inc. (AHCH) and is presented on the accrual basis of accounting. The information in the 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 AHCH, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHCH.
Other Direct Reimbursements
AHCH receives certain direct reimbursement revenue from federal agencies under the Medicare and Medicaid programs, which are not subject to the requirements of Uniform Guidance and are not presented in the accompanying schedule.
De Minimis Rate Used: N
Rate Explanation: AHCH negotiated its own indirect cost rate.
AHCH did not provide any federal awards to subrecipients during fiscal year 2024.
Title: Reconciliation to Financial Statements
Accounting Policies: Basis of Presentation
The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Albuquerque Health Care for the Homeless, Inc. (AHCH) and is presented on the accrual basis of accounting. The information in the 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 AHCH, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHCH.
Other Direct Reimbursements
AHCH receives certain direct reimbursement revenue from federal agencies under the Medicare and Medicaid programs, which are not subject to the requirements of Uniform Guidance and are not presented in the accompanying schedule.
De Minimis Rate Used: N
Rate Explanation: AHCH negotiated its own indirect cost rate.
The schedule of expenditures of federal awards includes $423,439 of expenditures incurred in years prior to the year ended June 30, 2024, with $411,069 reported in Assistance Listing No. 14.251 and an additional $12,370 reported in other assistance listings. A reconciliation of federal award program expenditures to grants revenue in the 2024 financial statement of activities for fiscal year-end June 30, 2024 is as follows: See the Notes to the SEFA for chart/table.
Title: Indirect Cost Rate
Accounting Policies: Basis of Presentation
The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Albuquerque Health Care for the Homeless, Inc. (AHCH) and is presented on the accrual basis of accounting. The information in the 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 AHCH, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHCH.
Other Direct Reimbursements
AHCH receives certain direct reimbursement revenue from federal agencies under the Medicare and Medicaid programs, which are not subject to the requirements of Uniform Guidance and are not presented in the accompanying schedule.
De Minimis Rate Used: N
Rate Explanation: AHCH negotiated its own indirect cost rate.
AHCH has negotiated its own indirect cost rate and, therefore, has elected not to use the 10% de minimis indirect cost rate.