Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of West Virginia Health Right, Inc. (the Organization) 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 (CFR) 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. Additionally, due to the different reporting requirements of the financial statements from the those of this Schedule, some amounts presented may differ from amounts presented in, or used in, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has a negotiated indirect cost rate with its oversight agency. The negotiated rate set varies for different grants expended through June 30, 2024.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of West Virginia Health Right, Inc. (the Organization) 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 (CFR) 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. Additionally, due to the different reporting requirements of the financial statements from the those of this Schedule, some amounts presented may differ from amounts presented in, or used in, the financial statements.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of West Virginia Health Right, Inc. (the Organization) 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 (CFR) 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. Additionally, due to the different reporting requirements of the financial statements from the those of this Schedule, some amounts presented may differ from amounts presented in, or used in, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has a negotiated indirect cost rate with its oversight agency. The negotiated rate set varies for different grants expended through June 30, 2024.
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 in certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Costs
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of West Virginia Health Right, Inc. (the Organization) 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 (CFR) 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. Additionally, due to the different reporting requirements of the financial statements from the those of this Schedule, some amounts presented may differ from amounts presented in, or used in, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has a negotiated indirect cost rate with its oversight agency. The negotiated rate set varies for different grants expended through June 30, 2024.
The Organization has a negotiated indirect cost rate with its oversight agency. The negotiated rate set varies for different grants expended through June 30, 2024.