Notes to SEFA
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. 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.
De Minimis Rate Used: N
Rate Explanation: NOTE 3. INDIRECT COST RATE
MedLink Georgia, Inc. has elected not to use the 10% de minimis cost rate as allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award
activity of MedLink Georgia, Inc. under programs of the federal government for the year ended March 31,
2022. The information in the 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 MedLink Georgia, Inc., it is not intended to and does not present the financial position,
changes in net assets, or cash flows of MedLink Georgia, Inc.
Title: NOTE 4. LOANS OUTSTANDING
Accounting Policies: NOTE 2. 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, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 3. INDIRECT COST RATE
MedLink Georgia, Inc. has elected not to use the 10% de minimis cost rate as allowed under the Uniform
Guidance.
MedLink Georgia, Inc. has received two U.S. Department of Agriculture Community Facility loans. The loan
balances outstanding at the beginning of the year (or the original amount borrowed during the current fiscal
year) is included in the federal expenditures presented in the Schedule. MedLink Georgia, Inc. had the
following balances outstanding on the loans at March 31, 2022:
Program Title Outstanding
Assistance
Listing Number Amount
U.S. Department of Agriculture Community
Facility Loan
Colbert Facility 10.766 $ 2,016,946
Habersham Facility 10.766 1,226,163
Total $ 3,243,109