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: Hilltop Health Service Corporation has elected not to use the 10% de minimis cost rate and follows the indirect allocation reate defined applicable to each grant agreement.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award grant activity of Hilltop Health Service Corporation under programs of the federal government for the year ended July 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 this Schedule presents only a selected portion of the operations of Hilltop Health Service Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Hilltop Health Service Corporation.
Title: Subrecipient 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: Hilltop Health Service Corporation has elected not to use the 10% de minimis cost rate and follows the indirect allocation reate defined applicable to each grant agreement.
Hilltop Health Service Corporation did not pass through federal awards to subrecipients during the year ended July 31, 2024.