Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Center did elect to use the 10% de minimis indirect cost rate.
The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting.
Title: Indirect Cost Rate
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Center did elect to use the 10% de minimis indirect cost rate.
The Center did elect to use the 10% de minimis indirect cost rate.
Title: Medicare and Medicaid Funds
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: Y
Rate Explanation: The Center did elect to use the 10% de minimis indirect cost rate.
In 2024, the Center received Medicare funds of $153,346 and Medicaid funds of $1,226,981 under fee for service contracts, which are not deemed federal awards as they are direct federal assistance to individuals.