Notes to SEFA
Title: 2. SUBRECIPIENTS
Accounting Policies: 1. BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Health Services, Inc. (Organization) and 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 (the Uniform Guidance). Therefore, some amounts presented in
this schedule may differ from amounts presented in, or used in the preparation of, the basic financial
statements.
De Minimis Rate Used: Y
Rate Explanation: 3. INDIRECT COST RATE
The Organization elected to charge the de minimis rate of 10% for all federal awards.
The Organization did not provide federal awards to any subrecipients during the year ended January
31, 2025.