Title: GENERAL INFORMATION
Accounting Policies: 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 expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal, state, county and city awards ("SEFA") presents the
activities in all the federal, state, county and city awards programs of Action Wellness for the year ended June
30, 2024. All government financial assistance received directly from federal, state, county or city agencies, as
well as financial assistance passed through other governmental agencies or not-for-profit organizations, are
included on the schedule. The information in this schedule is presented in accordance with the requirements of
the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a
selected portion of the operations of Action Wellness, it is not intended to and does not present the financial
position, changes in net assets or cash flows of Action Wellness. During the year ended June 30, 2024, Action
Wellness did not have pass-through federal funding to subrecipient.
Title: BASIS OF ACCOUNTING
Accounting Policies: 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 expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
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
expenditures are not allowable or are limited as to reimbursement.
The amounts reported in this Schedule as expenditures may differ from certain financial reports submitted to
funding agencies because those reports may be submitted on either a cash or modified accrual basis of
accounting.
Title: INDIRECT COSTS
Accounting Policies: 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 expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
Title: LOAN PROGRAM NON CASH EXPENDITURES
Accounting Policies: 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 expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
The proceeds of these loans were used for the construction of transitional and permanent rental housing for
low-income residents with acquired immunodeficiency syndrome or related diseases. These funds were
provided for construction and permanent financing.
Title: RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: 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 expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
Federal, state, county and city awards expenditures are reported on the statements of activities and functional expenses. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the SEFA, because program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of expenditures of federal, state, county and city awards.