Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of La Red Health Center, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: For the year ended December 31, 2023, La Red Health Center, Inc. has elected to use the 10% de minimis indirect cost rate, as permitted by the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of La Red Health Center, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: NOTE B - INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of La Red Health Center, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: For the year ended December 31, 2023, La Red Health Center, Inc. has elected to use the 10% de minimis indirect cost rate, as permitted by the Uniform Guidance.
For the year ended December 31, 2023, La Red Health Center, Inc. has elected to use the 10% de minimis indirect cost rate, as permitted by the Uniform Guidance.