Title: NOTE 3 – Reconciliation to the Financial Statements
Accounting Policies: Expenditures
Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, either 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: N
Rate Explanation: Indirect Cost Rate
The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as
allowed under the Uniform Guidance. No indirect costs are charged to the grants presented on the Schedule.
Federal revenues are recorded as grant revenues on the statement of activities and reconcile to the schedule of expenditures of federal awards as detailed below.
Grant revenue per financial statements $ 1,644,542
Plus: deferred federal grant revenues 59,293
Federal expenditures per schedule of expenditures of federal awards $ 1,703,835
Title: NOTE 4 – Related Party Transactions
Accounting Policies: Expenditures
Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, either 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: N
Rate Explanation: Indirect Cost Rate
The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as
allowed under the Uniform Guidance. No indirect costs are charged to the grants presented on the Schedule.
The board members of Health Emergency Medical Services, Inc. are in management positions at various other healthcare organizations who receive reimbursement for pharmaceuticals, biohazard equipment, emergency communications equipment, and education and training. Of the amounts listed on the schedule of expenditures of federal awards there were $331,411 in expenses to related party individuals or organizations.
Title: NOTE 5 – Subrecipients
Accounting Policies: Expenditures
Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, either 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: N
Rate Explanation: Indirect Cost Rate
The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as
allowed under the Uniform Guidance. No indirect costs are charged to the grants presented on the Schedule.
No amounts were provided to subrecipients.
Title: NOTE 1 – Basis of Presentation
Accounting Policies: Expenditures
Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, either 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: N
Rate Explanation: Indirect Cost Rate
The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as
allowed under the Uniform Guidance. No indirect costs are charged to the grants presented on the Schedule.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Health Emergency Medical Services, Inc. (the Organization) under programs of the federal government for the year ended September 30, 2024. The information in the 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.