Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: Basis of Presentation – The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Portage Path Behavioral Health (the Agency) 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 the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Portage Path Behavioral Health, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Portage Path Behavioral Health.
Basis of Accounting – 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.
De Minimis Rate Used: Y
Rate Explanation: The Agency elected to use the de minims rate of 10% for the year ended June 30, 2024.
The Agency does not pass federal awards received to other not-for-profit agencies (subrecipients).
Title: NON-CASH ASSISTANCE, LOANS OUTSTANDING AND INSURANCE
Accounting Policies: Basis of Presentation – The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Portage Path Behavioral Health (the Agency) 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 the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Portage Path Behavioral Health, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Portage Path Behavioral Health.
Basis of Accounting – 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.
De Minimis Rate Used: Y
Rate Explanation: The Agency elected to use the de minims rate of 10% for the year ended June 30, 2024.
The Agency did not receive any federal loans or federal insurance for the year ended June 30, 2024.