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 where certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: InterCare Community Health Network has elected to use the 10 percent 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 InterCare Community Health Network 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 InterCare Community Health Network, it is not intended to and does not present the
financial position, changes in net assets, or cash flows of InterCare Community Health Network.
Title: Reconciliation to the Financial Statements
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 where certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: InterCare Community Health Network has elected to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance.
Federal revenues are recorded as Federal Grants and Federal Capital Grants revenue on the Statement of
Operations:
Federal grants per financial statements $ 10,521,432
Federal capital grants per financial statements 25,500
Total expenditures of federal awards $ 10,546,932
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 where certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: InterCare Community Health Network has elected to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance.
No amounts were provided to subrecipients.