Notes to SEFA
Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: See note C.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of San
Francisco Community Clinic Consortium (SFCCC) under programs of the federal government for the year ended June 30, 2024.
The information in this schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations (CFR) Part 200,
Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Because the schedule presents only a selected portion of the operations of SFCCC, it is not intended to and does not present the
financial position, changes in net assets or cash flows of SFCCC in accordance with accounting principles generally accepted in
the United States of America.
Title: NOTE B - BASIS OF ACCOUNTING
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: See note C.
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 expenditure are not allowable or are limited as
to reimbursement. Pass-through entity identifying numbers are presented where available.
Title: NOTE C - INDIRECT COST RATE
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: See note C.
Expenditure reported on the Schedule do not include indirect costs. SFCCC has elected not to use 10% de minimis indirect cost
rate.
Title: NOTE D - RELATIONSHIP OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO
FINANCIAL STATEMENTS
Accounting Policies: See notes.
De Minimis Rate Used: N
Rate Explanation: See note C.
Consistent with management’s policy, federal awards and other grants are recorded in respective revenue categories. As a result,
the amount of total federal awards expended on the Schedule does not agree to total grant revenue on the Statement of Operations
and Changes in Net Assets as presented in the Organization’s report on the audited financial statements.