Title: General Information
Accounting Policies: The accompanying schedule of expenditures of federal, state, and city awards (the Schedule) includes the activities in all of the federal awards programs of PMHCC, INC. for the year ended June 30, 2024. The information in the 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). All federal awards received directly from federal agencies as well as awards passed through other governmental agencies or not-for-profit organizations are included. Because the Schedule presents only a selected portion of the operations of PMHCC, INC., it is not intended to and does not present the financial position, changes in net assets or cash flows of PMHCC, INC. Such pass-through federal awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide. In addition, state and city awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide and included on this schedule.
State awards not received from the City of Philadelphia are not a required part of an audit in accordance with the provisions of the City of Philadelphia Subrecipient Audit Guide. Such audited state awards are reflected on the schedule.
The accompanying schedule of expenditures of federal, state, and city awards is presented using 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 limited as to reimbursement. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to federal, state, or city funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: PMHCC, INC. 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, state, and city awards (the Schedule) includes the activities in all of the federal awards programs of PMHCC, INC. for the year ended June 30, 2024. The information in the 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). All federal awards received directly from federal agencies as well as awards passed through other governmental agencies or not-for-profit organizations are included. Because the Schedule presents only a selected portion of the operations of PMHCC, INC., it is not intended to and does not present the financial position, changes in net assets or cash flows of PMHCC, INC. Such pass-through federal awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide. In addition, state and city awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide and included on this schedule.
State awards not received from the City of Philadelphia are not a required part of an audit in accordance with the provisions of the City of Philadelphia Subrecipient Audit Guide. Such audited state awards are reflected on the schedule.
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal, state, and city awards (the Schedule) includes the activities in all of the federal awards programs of PMHCC, INC. for the year ended June 30, 2024. The information in the 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). All federal awards received directly from federal agencies as well as awards passed through other governmental agencies or not-for-profit organizations are included. Because the Schedule presents only a selected portion of the operations of PMHCC, INC., it is not intended to and does not present the financial position, changes in net assets or cash flows of PMHCC, INC. Such pass-through federal awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide. In addition, state and city awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide and included on this schedule.
State awards not received from the City of Philadelphia are not a required part of an audit in accordance with the provisions of the City of Philadelphia Subrecipient Audit Guide. Such audited state awards are reflected on the schedule.
The accompanying schedule of expenditures of federal, state, and city awards is presented using 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 limited as to reimbursement. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to federal, state, or city funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: PMHCC, INC. 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, state, and city awards is presented using 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 limited as to reimbursement. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to federal, state, or city funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal, state, and city awards (the Schedule) includes the activities in all of the federal awards programs of PMHCC, INC. for the year ended June 30, 2024. The information in the 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). All federal awards received directly from federal agencies as well as awards passed through other governmental agencies or not-for-profit organizations are included. Because the Schedule presents only a selected portion of the operations of PMHCC, INC., it is not intended to and does not present the financial position, changes in net assets or cash flows of PMHCC, INC. Such pass-through federal awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide. In addition, state and city awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide and included on this schedule.
State awards not received from the City of Philadelphia are not a required part of an audit in accordance with the provisions of the City of Philadelphia Subrecipient Audit Guide. Such audited state awards are reflected on the schedule.
The accompanying schedule of expenditures of federal, state, and city awards is presented using 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 limited as to reimbursement. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to federal, state, or city funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: PMHCC, INC. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
PMHCC, INC. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Relationship to Basic Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal, state, and city awards (the Schedule) includes the activities in all of the federal awards programs of PMHCC, INC. for the year ended June 30, 2024. The information in the 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). All federal awards received directly from federal agencies as well as awards passed through other governmental agencies or not-for-profit organizations are included. Because the Schedule presents only a selected portion of the operations of PMHCC, INC., it is not intended to and does not present the financial position, changes in net assets or cash flows of PMHCC, INC. Such pass-through federal awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide. In addition, state and city awards received from the City of Philadelphia are also subject to the provisions of the City of Philadelphia Subrecipient Audit Guide and included on this schedule.
State awards not received from the City of Philadelphia are not a required part of an audit in accordance with the provisions of the City of Philadelphia Subrecipient Audit Guide. Such audited state awards are reflected on the schedule.
The accompanying schedule of expenditures of federal, state, and city awards is presented using 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 limited as to reimbursement. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to federal, state, or city funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: PMHCC, INC. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal, state, and city expenditures are primarily reported on the statements of activities as expenses. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal, state, and city awards because not all expenses are required to be reported on the schedule of expenditures of federal, state, and city awards or the expenditures represent amounts earned on a fee-for-service basis. The basic financial statements are prepared under accounting principles generally accepted in the United States of America.