Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Not applicable
The schedule of expenditures of federal awards (the "Schedule") includes the federal grant
activity of South County Community Health Center, Inc., (“SCCHC”) under programs of the
federal government for the year ended June 30, 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 SCCHC, it is not intended to and does not present the financial
position, changes in net assets or cash flows of SCCHC.
Title: Summary of Significant Accounting Policies
Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Expenditures reported on the schedule are presented using the accrual basis of
accounting.
Title: Indirect Cost Rate
Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Expenditure reported on the schedule do not include indirect costs. SCCHC has elected
not to use 10% de minimis indirect cost rate.
Title: Subrecipients
Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Not applicable
SCCHC has not passed through any federal awards to subrecipients during the year
ending June 30, 2024.