Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 2: Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting, except for Provider ReliefFunds (PRF). Such expenditures are recognized following the cost principles contained in the Uniform Guidancewherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entityidentifying numbers are presented where available. The Schedule includes Provider Relief Funds (PRF) that werereceived in PRF periods 3 or 4 and are included in accordance with the compliance requirements for assistancelisting number 93.498.
De Minimis Rate Used: N
Rate Explanation: Note 3: Indirect Cost RateThe Lakes Community Health Center, Inc. dba NorthLakes Community Clinic has elected not to use the 10-percentde minimis indirect cost rate allowed under the Uniform Guidance.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 4966243. COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 1050985. COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 1769925.
Title: Note 1: General
Accounting Policies: Note 2: Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting, except for Provider ReliefFunds (PRF). Such expenditures are recognized following the cost principles contained in the Uniform Guidancewherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entityidentifying numbers are presented where available. The Schedule includes Provider Relief Funds (PRF) that werereceived in PRF periods 3 or 4 and are included in accordance with the compliance requirements for assistancelisting number 93.498.
De Minimis Rate Used: N
Rate Explanation: Note 3: Indirect Cost RateThe Lakes Community Health Center, Inc. dba NorthLakes Community Clinic has elected not to use the 10-percentde minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of The Lakes Community Health Center, Inc. dba NorthLakes Community Clinic under programs of the federal and state governments for the year ended December 31, 2022. The information in thisschedule is presented in accordance with requirements of the 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 Wisconsin State Single Audit Guidelines. Because the schedule presents only aselected portion of the operations of The Lakes Community Health Center, Inc. dba NorthLakes Community Clinic, it is not intended to and does not present the financial position, changes in net assets or cash flows of The Lakes Community Health Center, Inc. dba NorthLakes Community Clinic.