Notes to SEFA
Title: Basis of Presentation
Accounting Policies: See Note 2
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Southwest Community Health Center, Inc. under programs of the Federal Government for the year ended July 31, 2024. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedule presents only a selected portion of the operations of the Organization it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
Title: Summary of Significant Accounting Policies
Accounting Policies: See Note 2
De Minimis Rate Used: N
Rate Explanation: N/A
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.
Title: Indirect Cost Rate
Accounting Policies: See Note 2
De Minimis Rate Used: N
Rate Explanation: N/A
Southwest did not elect use of the 10% minimum indirect cost rate.
Title: Vaccines
Accounting Policies: See Note 2
De Minimis Rate Used: N
Rate Explanation: N/A
Southwest, as a vaccinating provider, received vaccines valued at $1,612,142 from the U.S. Department of Public Health that were passed through to Southwest by the Connecticut Department of Public Health. Per 2CFR Part 200, Appendix XI (Uniform Guidance Compliance Supplement), Southwest is not considered a grantee or subrecipient, but rather a vaccination provider (contractor).
Accordingly, the vaccines passed through to Southwest are not considered to be expenditures under a federal award for purposes of determining audit coverage and reporting by Southwest.