Notes to SEFA
Title: Note A: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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. Negative amounts shown on the Schedule represent
adjustments or credits made in the normal course of business to amounts reported as expenditures in prior
years. AHS elected not to use the de minimis cost rate because it has a negotiated indirect cost rate in place.
De Minimis Rate Used: N
Rate Explanation: AHS elected not to use the de minimis cost rate because it has a negotiated indirect cost rate in place.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) summarizes the
expenditures of Asian Health Services (“AHS”) 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 AHS, it is not intended to, and does not, present the financial position,
changes in net assets, or cash flows for AHS.