Audit 348676

Title: Basis of Presentation Accounting Policies: Accrual basis of accounting De Minimis Rate Used: N Rate Explanation: The Organization has elected not to use the 10 per cent deminis rate. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Iberia Comprehensive Community Health Center, Inc., and is presented on the accrual basis of accounting. The information on this schedule is presented in accordance with the requirements contained by Title 2 of U. S. Code of Federal Regulations Part 200, Uniform Requirements, Cost Principles, and Requirements for Federal Awards (Uniform Guidance). The amounts presented in this schedule do not differ from the amounts presented in, or used in the preparation of the financial statements. The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.