Notes to SEFA
Accounting Policies: NOTE A - BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards includes the federal contract activity of Citrine Health under programs of the federal government for the year ended June 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 (the Uniform Guidance). Because the schedule presents only a selected portion of the operations of Citrine Health, it is not intended to and does not present the financial position, changes in net assets or cash flows of Citrine Health.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
• Expenditures 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.
• Pass-through entity identifying numbers are presented where available.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
• Citrine Health is limited to the 10% de minimis indirect cost rate in accordance with the maximum allowed by the pass-through entity for the following programs:
o Coronavirus State and Local Fiscal Recovery Funds 21.027
o Cancer Prevention and Control Programs 93.898
o WISE Woman 93.436
• In accordance with the maximum allowed by the pass-through entity, an indirect cost rate of 17% is used on the following programs:
o Supplemental Nutrition Assistance Program 10.561
NOTE C – RECONCILIATION TO FINANCIAL STATEMENTS
The accompanying schedule of expenditures of federal awards includes the federal contract activity of Citrine Health under programs of the federal government for the year ended June 30, 2024. The following is a reconciliation of those amounts to contract income reported in the financial statements:
Total Federal Awards $ 2,470,468
From State of WA
Washington State Department of Health 285,700
From City of Seattle/King County Department of Health 10,181
Reported as Government contracts $ 2,766,349
De Minimis Rate Used: Both
Rate Explanation: • Citrine Health is limited to the 10% de minimis indirect cost rate in accordance with the maximum allowed by the pass-through entity for the following programs:
o Coronavirus State and Local Fiscal Recovery Funds 21.027
o Cancer Prevention and Control Programs 93.898
o WISE Woman 93.436
• In accordance with the maximum allowed by the pass-through entity, an indirect cost rate of 17% is used on the following programs:
o Supplemental Nutrition Assistance Program 10.561