Notes to SEFA
Title: Nature of Federal Awards
Accounting Policies: The amounts reported in the schedule of expenditures of federal awards are recorded using the accrual basis of accounting. Such expenditures are recognized following the costs principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursements. 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: N
Rate Explanation: The Organization did not elect to use the 10% de minimis cost rate for indirect costs.
The accompanying schedule of expenditures of federal awards includes the federal award activity of Healthcare Information Xchange of New York, Inc. (d/b/a Hixny) and Subsidiaries under programs of the federal government for the year ended December 31, 2024. The information in this 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). Because the schedule presents only a selected portion of the operations of Healthcare Information Xchange of New York, Inc. (d/b/a Hixny) and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Healthcare Information Xchange of New York, Inc. (d/b/a Hixny) and Subsidiaries.
Title: Subrecipients
Accounting Policies: The amounts reported in the schedule of expenditures of federal awards are recorded using the accrual basis of accounting. Such expenditures are recognized following the costs principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursements. 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: N
Rate Explanation: The Organization did not elect to use the 10% de minimis cost rate for indirect costs.
The Organization did not pass any federal funds to subrecipients for the year ended December 31, 2024.