Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has a federally negotiated indirect cost rate of 27.20% based on direct salaries and wages for federally funded programs.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Aspire Health Partners, Inc. and Affiliates (the "Organization") for the year ended June 30, 2024. The information in the 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 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: RECEIVABLE FROM FEDERAL GRANTOR
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has a federally negotiated indirect cost rate of 27.20% based on direct salaries and wages for federally funded programs.
The Organization receives federal pass-through funding from Central Florida Cares Health System, Inc. (the “Managing Entity”) under multiple contracts using negotiated rates. At June 30, 2024, the Organization was owed approximately $4,800,000 from the Managing Entity under these contracts.
Title: SUBRECIPIENTS
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has a federally negotiated indirect cost rate of 27.20% based on direct salaries and wages for federally funded programs.
There were no federal awards provided to subrecipients.