Title: NOTE A—BASIS OF PRESENTATION
Accounting Policies: NOTE A—BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of Atascosa Health Center, Inc. (AHC) under programs of the federal and state government for the year ended January 31, 2025. 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) and the State of Texas Single Audit Circular. Because the Schedule presents only a selected portion of the operations of AHC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHC.
NOTE B—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of Atascosa Health Center, Inc. (AHC) under programs of the federal and state government for the year ended January 31, 2025. 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) and the State of Texas Single Audit Circular. Because the Schedule presents only a selected portion of the operations of AHC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHC.
Title: NOTE B—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: NOTE A—BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of Atascosa Health Center, Inc. (AHC) under programs of the federal and state government for the year ended January 31, 2025. 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) and the State of Texas Single Audit Circular. Because the Schedule presents only a selected portion of the operations of AHC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHC.
NOTE B—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE C – U.S. DEPARTMENT OF AGRICULTURE LOANS
Accounting Policies: NOTE A—BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of Atascosa Health Center, Inc. (AHC) under programs of the federal and state government for the year ended January 31, 2025. 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) and the State of Texas Single Audit Circular. Because the Schedule presents only a selected portion of the operations of AHC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHC.
NOTE B—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
The AHC has three Community Facilities direct loans funded by the U.S. Department of Agriculture for the development of essential community facilities for public use in rural communities, Loan No. 97-01, Loan No. 97-02 and Loan No. 97-03.
For Loan No. 97-01, the beginning of the audit period balance of $1,255,210 is included in total federal awards expended in the Schedule. The balance outstanding on the loan at the end of the audit period, January 31, 2025, is $1,231,638.
For Loan No. 97-02, the beginning of the audit period balance of $1,864,448 is included in total federal awards expended in the Schedule. The balance outstanding on the loan at the end of the audit period, January 31, 2025, is $1,828,409.
For Loan No. 97-03, the beginning of the audit period balance of $1,911,522 is included in total federal awards expended in the Schedule. The balance outstanding on the loan at the end of the audit period, January 31, 2025, is $1,876,781.
Title: NOTE D – SUBRECIPIENTS
Accounting Policies: NOTE A—BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of Atascosa Health Center, Inc. (AHC) under programs of the federal and state government for the year ended January 31, 2025. 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) and the State of Texas Single Audit Circular. Because the Schedule presents only a selected portion of the operations of AHC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHC.
NOTE B—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: AHC elects to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
AHC provided no Federal and State awards to subrecipients during the year ended January 31, 2025.