Notes to SEFA
Title: NOTE 3 OTHER NONCASH ASSISTANCE
Accounting Policies: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of Community Health Center Association of Mississippi (the Association) underprograms of the federal government for the year ended June 30, 2022.For the purposes of the Schedule, federal awards include all grants, contracts, loans, and loanguarantee agreements entered into directly between the Association and agencies and departmentsof the federal government or federal grant pass through agencies. The Association has classified allawards into major and nonmajor programs in accordance with the provisions of Title 2 U.S. Codeof Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Major programs include thefollowing:U.S. Department of Health and Human Services Community Based Workforce Grant (CBWFGrant).Fiscal Period Audited: Single audit testing procedures were performed for program transactions thatoccurred during the fiscal year ended June 30, 2022.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESBasis of Accounting: The accompanying Schedule includes the federal grant activity of theAssociation and is presented on the accrual basis of accounting. The information in this Scheduleis presented in accordance with the requirements of the Uniform Guidance. Therefore, someamounts presented in this Schedule may differ from the amounts presented in, or used in thepreparation of, the basic financial statements. The amounts presented in this Schedule have beenreconciled to the Associations basic financial statements.Cost Allocation: The Association has elected to use the 10% de minimis indirect cost rate whenapplicable to federal grants.Program Costs: The amounts shown as current year expenses represent the federal grant portion ofthe program costs. Entire program costs, including the Associations portion, may be more thanshown.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Association did not receive federal noncash assistance during the year ended June 30, 2022.
Title: NOTE 4 AMOUNTS OF FEDERAL INSURANCE IN EFFECT DURING THE YEAR
Accounting Policies: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of Community Health Center Association of Mississippi (the Association) underprograms of the federal government for the year ended June 30, 2022.For the purposes of the Schedule, federal awards include all grants, contracts, loans, and loanguarantee agreements entered into directly between the Association and agencies and departmentsof the federal government or federal grant pass through agencies. The Association has classified allawards into major and nonmajor programs in accordance with the provisions of Title 2 U.S. Codeof Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Major programs include thefollowing:U.S. Department of Health and Human Services Community Based Workforce Grant (CBWFGrant).Fiscal Period Audited: Single audit testing procedures were performed for program transactions thatoccurred during the fiscal year ended June 30, 2022.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESBasis of Accounting: The accompanying Schedule includes the federal grant activity of theAssociation and is presented on the accrual basis of accounting. The information in this Scheduleis presented in accordance with the requirements of the Uniform Guidance. Therefore, someamounts presented in this Schedule may differ from the amounts presented in, or used in thepreparation of, the basic financial statements. The amounts presented in this Schedule have beenreconciled to the Associations basic financial statements.Cost Allocation: The Association has elected to use the 10% de minimis indirect cost rate whenapplicable to federal grants.Program Costs: The amounts shown as current year expenses represent the federal grant portion ofthe program costs. Entire program costs, including the Associations portion, may be more thanshown.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
No federal insurance was received by the Association during the year ended June 30, 2022.