Audit 356768

Title: Note 1 – Basis of Presentation Accounting Policies: Note 2 – Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized when incurred. 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. Expenditures reported include any property or equipment acquisitions incurred under the federal program. Pass through entity identifying numbers are presented where available. The Organization has not elected to use the 10% de minimis indirect cost rate as described in 2 CFR 200.414. De Minimis Rate Used: N Rate Explanation: The Organization has not elected to use the 10% de minimis indirect cost rate as described in 2 CFR 200.414. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Inland Empire Health Plan (the Organization) under programs of the federal government during the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) 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 position, or cash flow of the Organization. All federal awards from federal agencies are included in the Schedule.