Notes to SEFA
Title: 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.
De Minimis Rate Used: Y
Rate Explanation: Rutland Mental Health Services, Inc. has elected to use the 10 percent de minimis direct cost rate as allowed under the Uniform Guidance because no indirect costs were allowed under the federal awards.
The accompanying schedule of federal awards includes the federal award activity of Rutland Mental Health Services, Inc. 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 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 Rutland Mental Health Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Rutland Mental Health Services, Inc.