Notes to SEFA
Title: Note 1 -
Accounting Policies: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Chapter 10.650, Rules of the Auditor General.
De Minimis Rate Used: N
Rate Explanation: Allowable general and administrative costs are allocated to programs, grants, and contracts using a base that results in an equitable distribution on the basis of benefits provided to the major functions, in accordance with the cost allocation plan approved by the passthrough organization.
This Schedule of Expenditures of Federal Awards and State Financial Assistance (the Schedule) includes the Federal and State grant activity of Big Bend Community Based Care, Inc. d/b/a Northwest Florida Health Network (the Organization) for the year ended June 30, 2024, and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Chapter 10.650, Rules of the Auditor General.
Title: Note 2 -
Accounting Policies: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Chapter 10.650, Rules of the Auditor General.
De Minimis Rate Used: N
Rate Explanation: Allowable general and administrative costs are allocated to programs, grants, and contracts using a base that results in an equitable distribution on the basis of benefits provided to the major functions, in accordance with the cost allocation plan approved by the passthrough organization.
Amounts included on this Schedule include only the expenditures of Federal Awards and State Financial Assistance received directly from an awarding agency. The amounts on the accompanying Consolidated Statement of Activities and Changes in Net Assets (and related notes) include additional expenditures associated with other resources committed by the Organization for purposes of fulfilling its primary grant programs.
Title: Note 3 -
Accounting Policies: Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Chapter 10.650, Rules of the Auditor General.
De Minimis Rate Used: N
Rate Explanation: Allowable general and administrative costs are allocated to programs, grants, and contracts using a base that results in an equitable distribution on the basis of benefits provided to the major functions, in accordance with the cost allocation plan approved by the passthrough organization.
The Organization has not elected to use the 10 percent di minimis cost rate allowed under the Uniform Guidance for federal awards.