Title: Note 1: Basis of Presentation
Accounting Policies: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: West Hawaii Community Health Center, Inc., d/b/a Hawai'i Island Community Health Center, has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal awards activity of West Hawaii Community Health Center, Inc., d/b/a Hawai'i Island Community Health Center, under the programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations 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 West Hawaii Community Health Center, Inc, d/b/a Hawai'i Island Communty Health Center, it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of West Hawaii Community Health Center, Inc., d/b/a Hawai'i Island Community Health Center.
Title: Note 4: Federal Loan Programs
Accounting Policies: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: West Hawaii Community Health Center, Inc., d/b/a Hawai'i Island Community Health Center, has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The federal loan programs listed subsequently are administered directly by West Hawaii Community Health Center, Inc., d/b/a Hawai’i Island Community Health Center and balances and transactions relating to these programs are included in West Hawaii Community Health Center, Inc., d/b/a Hawai’i Island Community Health Center financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at December 31, 2023, consists of:
Assistance Listing Number Program Name Outstanding Balance at December 31, 2023
10.780 Community Facilities Loans and Grants (Community Program) $2,240,255
Title: Note 5: Personal Protective Equipment (PPE) (Unaudited)
Accounting Policies: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: West Hawaii Community Health Center, Inc., d/b/a Hawai'i Island Community Health Center, has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Personal Protective Equipment (PPE) (Unaudited) - West Hawaii Community Health Center, Inc., d/b/a Hawai'i Island Community Health Center. did not receive donated PPE from a federal source during the year ended December 31, 2023.