Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Note 2: Summary of Significant Accounting Policies
Expenditures on the Schedule are reported on the accrual basis of accounting and 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: Note 3: Indirect Costs
Aspirus, Inc. and Subsidiaries has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Aspirus, Inc. and Subsidiaries 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 Aspirus, Inc. and Subsidiaries, it is not intended to and does not present the financial position, statement of operations, changes in net assets or cash flows of Aspirus, Inc. and Subsidiaries.
Title: Note 4: Subrecipients
Accounting Policies: Note 2: Summary of Significant Accounting Policies
Expenditures on the Schedule are reported on the accrual basis of accounting and 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: Note 3: Indirect Costs
Aspirus, Inc. and Subsidiaries has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Aspirus, Inc. and Subsidiaries does not have subrecipients of its federal awards.