Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards of Sierra Health Foundation: Center for Health Program Management (CHPM) is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in the schedule may differ from the amounts presented in, or used in the preparation of, the basic financials statements.
De Minimis Rate Used: Y
Rate Explanation: CHPM has elected to use the 15-percent de minimis indirect cost rate allowed under the Uniform Guidance (April 2024 revision) and the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance (October 2023 revision), as applicable.