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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Southcentral Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Southcentral Foundation under programs of the federal government for the year ended September 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 Southcentral Foundation, it is not intended to and does not present the financial position, change in net assets, or cash flows of Southcentral Foundation.
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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Southcentral Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Southcentral Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Reconciliation of Federal Revenues
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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Southcentral Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Reconciliation and agreement to Federal Revenues on the Consolidated Statement of Activities:
Federal sources $ 240,944,649
Federal contract reduction 14,025,088
Total Federal revenues per Consolidated Statements of Activities 254,969,737
Less timing differences in Provider Relief Fund payments
Reported on SEFA 542,441
Less timing differences between revenue recognition and expenditures on
Self-Governance Compact and Compact Contract Reduction (937,708)
Total federal assistance $ 254,574,470
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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Southcentral Foundation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The following were subrecipients of Federal Awards issued to Southcentral Foundation:
From: Indian Health Service 93.210:
To: Cook Inlet Region Tribes for Behavioral Health Aides $ 170,000
ANTHC ANMC Purchase Agreement 7,943,249
ANTHC ANMC Pharmaceuticals Purchase Agreement 4,198,127
ANTHC for ANMC ER Front Desk 353,579
ANTHC for ANMC M&I Pool Small Clinics 21,979
Rural ASU Subawards 1,190,424
Tribal Government of St. Paul 2,456,736
CDC Contractor 15,694
$ 16,349,788
From: Integrated Health Records Mapped to Social Determinants of Health 93.136:
To: University of Alaska Fairbanks $ 50,498
From: American Rescue Plan Act Funding for Health Centers 93.224:
To: Anchorage Tank II Inc. (29,477)
Desert Air Transport (2,971)
M and S Ventures LLC 450
$ (31,998)
From: Preserving the Future 93.243:
To: Alaska Pacific University 33,195
Cook Inlet Tribal Council, Inc. 191,806
$ 225,001
From: Jumpstarting Culturally-informed Advance Care Planning with ANAI People in Primary Care 93.361:
To: Alaska Native Tribal Health Consortium 21,420
University of Alaska Fairbanks 83,104
University Of New Mexico 1,902
University Of Washington 32,900
University Of Arkansas For Medical Sciences 108,625
Regents of the University of Colorado Denver 12,669
$ 260,620
From: Family Professional Partnership/CSHCN 93.504:
To: Stone Soup Group $ 83,398
From: Alaska Native Communities Advancing Vaccine Uptake 93.855:
To: Alaska Native Tribal Health Consortium 62,457
University Of Alaska Anchorage 153,605
University Of Washington 69,334
Seattle Children’s Hospital 10,096
Regents of the University of Colorado Denver 73,111
Northern Arizona University 118,462
$ 487,065
From: Building Capacity for Dissemination and Implementation Research in Tribal Healthcare System 93.859:
To: Alaska Native Tribal Health Consortium 59,296
Mayo Clinic 81,345
University of Washington 214,768
University of Alaska Fairbanks 4,155
Ubiqus Reporting Inc. (168)
$ 359,396
Total Subrecipients Awards $ 17,783,768