Title: Relationship of the Schedule to Program Financial Reports
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Capstone Health and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the schedule. The Center has obtained Assistance Listing (AL) numbers to ensure that all programs have been identified in the schedule. Federal programs with different AL numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance. One cluster is separately identified in the SEFA and is the following: Health Center Program Cluster – The purpose of the Health Center Program (HCP) cluster is to improve the health of the Nation’s underserved communities and vulnerable populations by assuring continued access to comprehensive, culturally competent, quality primary health care services. HCP grants support to a variety of community-based and patient-directed public and private nonprofit organizations that provide primary and preventive health care services to the Nation’s underserved.
De Minimis Rate Used: N
Rate Explanation: The Center has elected to not use the 10% de Minimis indirect cost rate.
The amounts reflected in the financial reports submitted to the awarding federal and/or pass-through agencies and the schedule may differ. Some of the factors that may account for any difference include the following: The Center’s year end may differ from the program’s year end. Accruals recognized in the schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period. Fixed asset purchases and the resulting depreciation charges are recognized as property and equipment, net in the Center’s financial statements and as expenditures in the program financial reports.
Title: Federal Pass-Through Funds
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Capstone Health and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the schedule. The Center has obtained Assistance Listing (AL) numbers to ensure that all programs have been identified in the schedule. Federal programs with different AL numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance. One cluster is separately identified in the SEFA and is the following: Health Center Program Cluster – The purpose of the Health Center Program (HCP) cluster is to improve the health of the Nation’s underserved communities and vulnerable populations by assuring continued access to comprehensive, culturally competent, quality primary health care services. HCP grants support to a variety of community-based and patient-directed public and private nonprofit organizations that provide primary and preventive health care services to the Nation’s underserved.
De Minimis Rate Used: N
Rate Explanation: The Center has elected to not use the 10% de Minimis indirect cost rate.
The Center is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-through are considered to be direct.
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Capstone Health and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the schedule. The Center has obtained Assistance Listing (AL) numbers to ensure that all programs have been identified in the schedule. Federal programs with different AL numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance. One cluster is separately identified in the SEFA and is the following: Health Center Program Cluster – The purpose of the Health Center Program (HCP) cluster is to improve the health of the Nation’s underserved communities and vulnerable populations by assuring continued access to comprehensive, culturally competent, quality primary health care services. HCP grants support to a variety of community-based and patient-directed public and private nonprofit organizations that provide primary and preventive health care services to the Nation’s underserved.
De Minimis Rate Used: N
Rate Explanation: The Center has elected to not use the 10% de Minimis indirect cost rate.
This schedule was prepared on the accrual basis of accounting. Expenditures are recognized in the period in which they are incurred.
Title: Contingencies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Capstone Health and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the schedule. The Center has obtained Assistance Listing (AL) numbers to ensure that all programs have been identified in the schedule. Federal programs with different AL numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance. One cluster is separately identified in the SEFA and is the following: Health Center Program Cluster – The purpose of the Health Center Program (HCP) cluster is to improve the health of the Nation’s underserved communities and vulnerable populations by assuring continued access to comprehensive, culturally competent, quality primary health care services. HCP grants support to a variety of community-based and patient-directed public and private nonprofit organizations that provide primary and preventive health care services to the Nation’s underserved.
De Minimis Rate Used: N
Rate Explanation: The Center has elected to not use the 10% de Minimis indirect cost rate.
Grant monies received and disbursed by the Center are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the Center does not believe that such disallowance, if any, would have a material effect on the financial position of the Center. As of April 30, 2024, there were no questioned costs reported in the Schedule of Findings and Questioned Costs for any federal programs.
Title: Noncash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Capstone Health and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the schedule. The Center has obtained Assistance Listing (AL) numbers to ensure that all programs have been identified in the schedule. Federal programs with different AL numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance. One cluster is separately identified in the SEFA and is the following: Health Center Program Cluster – The purpose of the Health Center Program (HCP) cluster is to improve the health of the Nation’s underserved communities and vulnerable populations by assuring continued access to comprehensive, culturally competent, quality primary health care services. HCP grants support to a variety of community-based and patient-directed public and private nonprofit organizations that provide primary and preventive health care services to the Nation’s underserved.
De Minimis Rate Used: N
Rate Explanation: The Center has elected to not use the 10% de Minimis indirect cost rate.
The Center did not receive any federal noncash assistance for the fiscal year ending April 30, 2024.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Capstone Health and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the schedule. The Center has obtained Assistance Listing (AL) numbers to ensure that all programs have been identified in the schedule. Federal programs with different AL numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance. One cluster is separately identified in the SEFA and is the following: Health Center Program Cluster – The purpose of the Health Center Program (HCP) cluster is to improve the health of the Nation’s underserved communities and vulnerable populations by assuring continued access to comprehensive, culturally competent, quality primary health care services. HCP grants support to a variety of community-based and patient-directed public and private nonprofit organizations that provide primary and preventive health care services to the Nation’s underserved.
De Minimis Rate Used: N
Rate Explanation: The Center has elected to not use the 10% de Minimis indirect cost rate.
The Center did not provide federal funds to subrecipients for the fiscal year ending April 30, 2024.
Title: Loans and Loan Guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Capstone Health and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. For the purposes of the schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the schedule. The Center has obtained Assistance Listing (AL) numbers to ensure that all programs have been identified in the schedule. Federal programs with different AL numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance. One cluster is separately identified in the SEFA and is the following: Health Center Program Cluster – The purpose of the Health Center Program (HCP) cluster is to improve the health of the Nation’s underserved communities and vulnerable populations by assuring continued access to comprehensive, culturally competent, quality primary health care services. HCP grants support to a variety of community-based and patient-directed public and private nonprofit organizations that provide primary and preventive health care services to the Nation’s underserved.
De Minimis Rate Used: N
Rate Explanation: The Center has elected to not use the 10% de Minimis indirect cost rate.
The Center had one loan guarantee program with the U.S. Department of Agriculture for the year ending April 30, 2024. The outstanding balance as of April 30, 2024 was $489,433.