Notes to SEFA
Title: PASS‐THROUGH AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of SCAN Health Plan (the “Company”) under programs of the federal government for the year ended December 31, 2024 that was passed through the State of California. 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 (the “Uniform Guidance”).
Because the Schedule presents only a selected portion of the operations of the Company, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Company.
Expenditures reported in 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: N
Rate Explanation: The contracts allow a maximum of 15% in indirect costs. Indirect costs are included within the total Federal Expenditures and did not exceed the allowed amount
The Company receives certain federal awards from various pass‐through entities. The total amount of such pass‐through awards is included in the Schedule of Expenditures of Federal Awards.
Title: RELATIONSHIP TO FEDERAL AND STATE FINANCIAL REPORTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of SCAN Health Plan (the “Company”) under programs of the federal government for the year ended December 31, 2024 that was passed through the State of California. 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 (the “Uniform Guidance”).
Because the Schedule presents only a selected portion of the operations of the Company, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Company.
Expenditures reported in 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: N
Rate Explanation: The contracts allow a maximum of 15% in indirect costs. Indirect costs are included within the total Federal Expenditures and did not exceed the allowed amount
The regulations and guidelines governing the preparation of federal financial reports vary by state and federal agencies and among programs administered by the same agency.
Accordingly, the amounts reported in the federal and state financial reports do not necessarily agree with the amounts reported in the accompanying Schedule of Expenditures of Federal Awards, which is prepared as explained in Note 1 above.
Title: NONCASH FEDERAL AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of SCAN Health Plan (the “Company”) under programs of the federal government for the year ended December 31, 2024 that was passed through the State of California. 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 (the “Uniform Guidance”).
Because the Schedule presents only a selected portion of the operations of the Company, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Company.
Expenditures reported in 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: N
Rate Explanation: The contracts allow a maximum of 15% in indirect costs. Indirect costs are included within the total Federal Expenditures and did not exceed the allowed amount
During the year ended December 31, 2024, the Company did not receive or expend nonmonetary assistance.