Notes to SEFA
Title: 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 contained 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: Martinsville Henry County Coalition for Health and Wellness has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Martinsville Henry County Coalition for Health and Wellness 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Martinsville Henry County Coalition for Health and Wellness, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Martinsville Henry County Coalition for Health and Wellness.
Title: Indirect Cost Rate
Accounting Policies: 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: N
Rate Explanation: Martinsville Henry County Coalition for Health and Wellness has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Martinsville Henry County Coalition for Health and Wellness has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Assistance Listing Numbers
Accounting Policies: 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: N
Rate Explanation: Martinsville Henry County Coalition for Health and Wellness has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Martinsville Henry County Coalition for Health and Wellness has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Subrecipients
Accounting Policies: 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: N
Rate Explanation: Martinsville Henry County Coalition for Health and Wellness has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
No awards passed through to subrecipients.
Title: Unexpended Federal Awards
Accounting Policies: 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: N
Rate Explanation: Martinsville Henry County Coalition for Health and Wellness has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Martinsville Henry County Coalition for Health and Wellness had unexpended federal awards of $2,116,020 at June 30, 2023 which were approved for carry over into the current fiscal year. Total grant awards approved in the current fiscal year were $1,773,242. Martinsville Henry County Coalition for Health and Wellness had unexpended awards of $1,150,743 at June 30, 2024.