Notes to SEFA
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe accompanying schedule of expenditures of federal awards includes grant activity of Schenectady Family Health Services, Inc. and Affiliate (the Center) and is prepared 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the consolidated financial statements. Federal awards revenue is reported in the Centers consolidated financial statements as DHHS grant revenue. The Centers consolidated financial statements are presented in accordance with generally accepted accounting principles. 2. NON-CASH ASSISTANCEThe Center did not receive any non-cash assistance for the year ended December 31, 2022. 3. FEDERAL LOANS AND LOAN GUARANTEESThe Center had no federal loans or loan guarantees outstanding as of December 31, 2022.4.INSURANCEThe Center did not participate in any federal insurance programs for the year ended December 31, 2022.
De Minimis Rate Used: N
Rate Explanation: Administrative costs are included in the Centers grant agreement budgets, and therefore, negotiated rates are not needed. The Center has not elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.