Title: Basis of Accounting and Presentation.
Accounting Policies: This summary of significant accounting policies of Project Vida Health Center is presented to
assist in understanding Project Vida Health Center’s Schedule of Expenditures of Federal and State
Awards. The Schedule and notes are representations of Project Vida Health Center’s management, who is
responsible for their integrity and objectivity.
Basis of Accounting and Presentation – The Schedule of Expenditures of Federal and State
Awards is prepared using the accrual basis of accounting. The information in the schedule is presented in
accordance with the Uniform Guidance, and Texas Uniform Grant Management Standards; therefore,
some amounts presented in this schedule may differ from amounts presented in, or used in the preparation
of, the basic financial statements.
Indirect Costs – Expenditures of federal and state awards may include a portion of costs
associated with general and administrative activities, which are allocated to federal and state assistance
programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved
cost allocation plans. The Organization’s only indirect cost expenses charged to federal and state awards
consist of administrative salaries and administrative fees, which are allocated to various programs based
on the percentage of total patients or clients served under each program. In the absence of any program
participants, indirect expenses are charged based on actual time and effort records. The allocation
methods have been approved by each awarding agency. The Organization has not negotiated an indirect
rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total
direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by
federal and state grantors.
Sub-Recipients – There were no sub-recipients of the Federal and State Awards received by
Project Vida Health Center for the year ended August 31, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total
direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.
The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the Uniform Guidance, and Texas Uniform Grant Management Standards; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation
of, the basic financial statements.
Title: Indirect Costs
Accounting Policies: This summary of significant accounting policies of Project Vida Health Center is presented to
assist in understanding Project Vida Health Center’s Schedule of Expenditures of Federal and State
Awards. The Schedule and notes are representations of Project Vida Health Center’s management, who is
responsible for their integrity and objectivity.
Basis of Accounting and Presentation – The Schedule of Expenditures of Federal and State
Awards is prepared using the accrual basis of accounting. The information in the schedule is presented in
accordance with the Uniform Guidance, and Texas Uniform Grant Management Standards; therefore,
some amounts presented in this schedule may differ from amounts presented in, or used in the preparation
of, the basic financial statements.
Indirect Costs – Expenditures of federal and state awards may include a portion of costs
associated with general and administrative activities, which are allocated to federal and state assistance
programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved
cost allocation plans. The Organization’s only indirect cost expenses charged to federal and state awards
consist of administrative salaries and administrative fees, which are allocated to various programs based
on the percentage of total patients or clients served under each program. In the absence of any program
participants, indirect expenses are charged based on actual time and effort records. The allocation
methods have been approved by each awarding agency. The Organization has not negotiated an indirect
rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total
direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by
federal and state grantors.
Sub-Recipients – There were no sub-recipients of the Federal and State Awards received by
Project Vida Health Center for the year ended August 31, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total
direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.
Expenditures of federal and state awards may include a portion of costsassociated with general and administrative activities, which are allocated to federal and state assistanceprograms under negotiated formulas, commonly referred to as indirect cost rates and federally approvedcost allocation plans. The Organization’s only indirect cost expenses charged to federal and state awards
consist of administrative salaries and administrative fees, which are allocated to various programs basedon the percentage of total patients or clients served under each program. In the absence of any programparticipants, indirect expenses are charged based on actual time and effort records. The allocationmethods have been approved by each awarding agency. The Organization has not negotiated an indirectrate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total
direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable byfederal and state grantors.
Title: Sub-Recipients
Accounting Policies: This summary of significant accounting policies of Project Vida Health Center is presented to
assist in understanding Project Vida Health Center’s Schedule of Expenditures of Federal and State
Awards. The Schedule and notes are representations of Project Vida Health Center’s management, who is
responsible for their integrity and objectivity.
Basis of Accounting and Presentation – The Schedule of Expenditures of Federal and State
Awards is prepared using the accrual basis of accounting. The information in the schedule is presented in
accordance with the Uniform Guidance, and Texas Uniform Grant Management Standards; therefore,
some amounts presented in this schedule may differ from amounts presented in, or used in the preparation
of, the basic financial statements.
Indirect Costs – Expenditures of federal and state awards may include a portion of costs
associated with general and administrative activities, which are allocated to federal and state assistance
programs under negotiated formulas, commonly referred to as indirect cost rates and federally approved
cost allocation plans. The Organization’s only indirect cost expenses charged to federal and state awards
consist of administrative salaries and administrative fees, which are allocated to various programs based
on the percentage of total patients or clients served under each program. In the absence of any program
participants, indirect expenses are charged based on actual time and effort records. The allocation
methods have been approved by each awarding agency. The Organization has not negotiated an indirect
rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total
direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by
federal and state grantors.
Sub-Recipients – There were no sub-recipients of the Federal and State Awards received by
Project Vida Health Center for the year ended August 31, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has elected to use the de minimis rate of 10% of modified total
direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414 when allowable by federal and state grantors.
There were no sub-recipients of the Federal and State Awards received by Project Vida Health Center for the year ended August 31, 2024.