Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the grant activity
of TidalHealth, Inc. (“the Health System”) and is presented on the accrual basis of accounting. 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”). Therefore, some amounts presented in the Schedule may differ from
amounts presented in, or used in the preparation of, the basic consolidated financial statements
De Minimis Rate Used: Y
Rate Explanation: the Health
System has elected to use the 10% de minimis cost rate.