Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: a)Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. b)Pass-through entity identifying numbers are presented, where available.
De Minimis Rate Used: Y
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of federal award programs administered by the Organization for the year ended December 31, 2024, which is described in Note 1 to GHRC’s accompanying financial statements. 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: RECONCILIATION OF TOTAL EXPENDITURES OF FEDERAL AWARDS TO THE FINANCIAL STATEMENTS
Accounting Policies: a)Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. b)Pass-through entity identifying numbers are presented, where available.
De Minimis Rate Used: Y
Rate Explanation: N/A
The following is a summary reconciliation of total expenditures of federal awards as reported in this report to the financial statements: Total expenditures reported in the Schedule of Expenditure of Federal Awards $ 5,646,145; less: program supplies (Narcan) held in inventory at year-end (212,134); Add: expenditures funded by other sources $3,875,462; Total expenditures reported in the financial statements. $ 9,309,473