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: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Community Health Center of Buffalo, Inc. under programs of the federal government for the year ended December 31, 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 Community Health Center of Buffalo, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Community Health Center of Buffalo, Inc. The following notes were identified on the Schedule:
(a) Includes all federal award programs of Community Health Center of Buffalo, Inc.
(b) Source: Federal Assistance Listing Number.
(c) Prepared under accounting principles generally accepted in the United States of America (“GAAP”) and includes all federal award programs.
(d) A reconciliation to the financial statements is available.
(e) No indirect cost reimbursement was received under Assistance Listing Numbers 93.224, 93.527 or 93.696.
(f) There were no funds passed through to sub-recipients during the year ended December 31, 2024.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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: Y
Rate Explanation: The auditee used the de minimis cost rate.
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.
Title: INDIRECT COST RATE
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: Y
Rate Explanation: The auditee used the de minimis cost rate.
Community Health Center of Buffalo, Inc. has defaulted to the de minimis indirect cost rate of 10% under the Uniform Guidance. No such indirect costs were submitted under federal expenditures for the year ended December 31, 2024.