Notes to SEFA
Title: NOTE A -- BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting as described in
Note A to the financial statements. 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: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
award activity of South Carolina Office of Rural Health, 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.
Title: NOTE B -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting as described in
Note A to the financial statements. 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: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting as described in
Note A to the financial statements. 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.
Title: NOTE C -- INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting as described in
Note A to the financial statements. 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: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.