Notes to SEFA
Title: 1. BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the SEFA 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 to reimbursement. The Center has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Deminimus cost rate not used
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award
activity of Well Care Community Health Inc. (the Center) under programs of the federal government for
the year ended December 31, 2024. The information in this schedule is presented in accordance with
requirements of 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 SEFA presents only a selected portion of the operations of the Center, it is not intended to
and does not present the financial position, changes in net assets, functional expenses, or cash flows of
the Center.
Title: 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the SEFA 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 to reimbursement. The Center has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Deminimus cost rate not used
Expenditures reported on the SEFA 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 to reimbursement. The Center has elected not to use
the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: 3. AMOUNTS PASSED TO SUBRECIPIENTS
Accounting Policies: Expenditures reported on the SEFA 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 to reimbursement. The Center has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Deminimus cost rate not used
During 2024, the Center did not pass any federal awards to subrecipients.