Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Morehouse Community Medical Centers, Inc. is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Morehouse Community Medical Centers, Inc. and Affiliate, and is presented on the accrual basis of accounting. The information on this schedule is presented in accordance with the requirements of Title 2 of U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance). Certain costs have been allocated to the federal program in accordance with OMB Circular A-122,
Cost Prinicples of Non-Profit Organizations. The amounts presented in this schedule do not differ from the amounts presented in, or used
in the preparation of the financial statements. Morehouse Community Medical Centers, Inc. and Affiliate has elected not to use the 10 percent
de minimis indirect cost rate as allowed under the Uniform Guidance.