Title: Note 1 Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic 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 Regulation (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 operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.
De Minimis Rate Used: N
Rate Explanation: did not use 10% which is still allowed under the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic 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
Regulation (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 operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.
Title: Note 2 Summary of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic 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 Regulation (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 operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.
De Minimis Rate Used: N
Rate Explanation: did not use 10% which is still allowed under the Uniform Guidance
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements for Federal Awards (“Uniform Guidance”), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 3 Economic Injury Disaster Loan
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic 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 Regulation (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 operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.
De Minimis Rate Used: N
Rate Explanation: did not use 10% which is still allowed under the Uniform Guidance
The balance of the Economic Injury Disaster Loan at June 30, 2024 totaled $294,297.
Title: Note 4 Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic 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 Regulation (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 operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.
De Minimis Rate Used: N
Rate Explanation: did not use 10% which is still allowed under the Uniform Guidance
The Clinic elected not to use the 10% de minimis indirect cost rate which is allowed under the Uniform Guidance.
Title: Note 5 In-Kind Personal Protective Equipment (PPE)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic 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 Regulation (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 operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.
De Minimis Rate Used: N
Rate Explanation: did not use 10% which is still allowed under the Uniform Guidance
The Clinic received no federally funded in-kind Personal Protective Equipment (PPE) during the year ended June 30, 2024.
Title: Note 6 Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the Clinic 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 Regulation (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 operations of the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic.
De Minimis Rate Used: N
Rate Explanation: did not use 10% which is still allowed under the Uniform Guidance
The Clinic did not passthrough federal awards to any subrecipients during the year ended June 30, 2024.