Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting 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: (3) The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Central Virginia Health Services, Inc. under programs of the federal government for the year ended March 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 Central Virgnia Health Services, Inc., it is not intended and does not present the financial position, changes in net assets, or cash flows of Central Virginia Health Services, Inc.
Title: NOTE C - RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting 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: (3) The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal expendutres and revenues reported in the financial statements are as follows: Project grants, D.H.H.S $ 13,925,097 Total federal revenues per financial statements $ 13,925,097 Total federal expenditures per the Schedule of Expenditures of Federal Awards $ 13,925,097
Title: NOTE D - SUBRECIPIENTS
Accounting 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: (3) The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization did not have any subrecipients for the year ended March 31, 2024.