Notes to SEFA
Title: FEDERAL LOAN PROGRAM
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the requirements of
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards. Therefore, some amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: Center for Integrated Care d/b/a Seattle Institute of East Asian Medicine did not elect the 10% federal de minimis indirect cost rate.
For the year ended August 31, 2024, Center for Integrated Care d/b/a Seattle Institute of East Asian Medicine acted as a pass-through agency for Direct Federal Stafford Loans (unsubsidized and PLUS) to students and parents in the amount of $880,898.
Title: OTHER INFORMATION
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of
accounting. The information in this schedule is presented in accordance with the requirements of
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards. Therefore, some amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: Center for Integrated Care d/b/a Seattle Institute of East Asian Medicine did not elect the 10% federal de minimis indirect cost rate.
Center for Integrated Care d/b/a Seattle Institute of East Asian Medicine did not receive any federal insurance or federal noncash assistance and did not provide any amounts to sub-recipients.