Notes to SEFA
Title: Note A-Basis of Presentation
Accounting Policies: Note B-Summary of Significant Account Policies
(1) 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.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Tri-Area Community Health did not elect to use 10% de minimis indirect cost rate because they only request direct costs for reimbursement.
The accompanying schedule of expenditures of federal awards (The Schedule) includes the federal award activity of Tri-Area Community Health under programs of
the federal government for the year ended May 31, 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 Tri-Area Community Health, it is not intended to and does not present the financial position,
changes in net assets, or cash flows of Tri-Area Community Health.
Title: Note C-Subrecipients
Accounting Policies: Note B-Summary of Significant Account Policies
(1) 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.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Tri-Area Community Health did not elect to use 10% de minimis indirect cost rate because they only request direct costs for reimbursement.
Tri-Area Community Health did not have any subrecipients for the year ended May 31, 2024.
Title: Note D-Relationship to Financial Statements
Accounting Policies: Note B-Summary of Significant Account Policies
(1) 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.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Tri-Area Community Health did not elect to use 10% de minimis indirect cost rate because they only request direct costs for reimbursement.
See chart in Notes to SEFA