Notes to SEFA
Title: NOTE A REPORTING ENTITY
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, the cost principles contain in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Comprehend, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The consolidated financial statements of Comprehend, Inc. Reginal Mental Health - Mental Retardation Board, Inc. and Affiliates consist of four entities as decussed in Note (1) to the consolidated financial statements. The Schedule of Expenditures of Federal Awards (the "Schedule") presents on the previous page only includes the activity of Comprehend, Inc. Regional Mental Health - Mental Retardation Board, Inc. due to the fact that the affiliated entities either do not receive or expend federal awards or they separately report their federal awards, if reporting thresholds are met by any of the affiliates. The federal activity of the following Affilates is excluded from the Schedul: Comprehend Properties, Inc., CI Holding Corporation, Comprehend Parking Properties, Inc.
Title: NOTE B BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, the cost principles contain in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Comprehend, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards included the federal award activity of Comprenehd, Inc. Reginal Mental Health - Mental Retardation Board, Inc. ("Comprehend") under programs of hte 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 (CFR), Uniform Administrative Requirements, Cost Principles and Audit Requirements for Dederal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of operations of Comprehend, it is not intended and does not present the financial position, changes in net assets or cash flows of Comprehend.