Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Health Opportunities for the People of East Texas, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: Health Opportunities for the People of East Texas, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award activity of Health Opportunities for the People of East Texas, Inc., (the Center) under programs of the federal government for the year ended February 29, 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 Health Opportunities for the People of East Texas, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of Health Opportunities for the People of East Texas, Inc.
Title: Relationship to Basic Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Health Opportunities for the People of East Texas, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: Health Opportunities for the People of East Texas, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal financial assistance programs are reported in the Center’s basic financial statements as support. Total federal financial assistance per the accompanying schedule of expenditures of federal awards does not include monies received as cost reimbursement for services provided to Medicaid and Medicare eligible recipients.
Title: Program or Award Amounts
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Health Opportunities for the People of East Texas, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: Health Opportunities for the People of East Texas, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Amounts include contract/award amounts plus any additional reimbursement monies received in fiscal year 2024.