Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The schedule is presented using the accrual basis of accounting, which is described in the note ofSummary of Significant Accounting Policies to the Clinic's basic financial statements. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Clinic has elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the "schedule") includes the Federalgrant activity of the Clinic. The information is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Guidance Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). The amounts presented in the schedule agree tothe amounts presented in or used in the preparation of the basic financial statements.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The schedule is presented using the accrual basis of accounting, which is described in the note ofSummary of Significant Accounting Policies to the Clinic's basic financial statements. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Clinic has elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance.
The schedule is presented using the accrual basis of accounting, which is described in the note ofSummary of Significant Accounting Policies to the Clinic's basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited to reimbursement.
Title: NOTE 3 - INDIRECT COST RATE
Accounting Policies: The schedule is presented using the accrual basis of accounting, which is described in the note ofSummary of Significant Accounting Policies to the Clinic's basic financial statements. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Clinic has elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance.
The Clinic has elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance.
Title: NOTE 4 - SUBRECIPIENTS
Accounting Policies: The schedule is presented using the accrual basis of accounting, which is described in the note ofSummary of Significant Accounting Policies to the Clinic's basic financial statements. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Clinic has elected not to use the 10% de minimis cost rate as covered in the Uniform Guidance.
There were no federal awards provided to subrecipients.