Notes to SEFA
Title: Note A - Accounting Policies
Accounting Policies: The schedule of expenditures of federal awards ("SEFA") is prepared on the accrual basis of
accounting.
The expenditure threshold for classification as a Type A program is $750,000.
De Minimis Rate Used: N
Rate Explanation: The Council has elected not to use the 10% de minimis indirect cost rate allowed under Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost principles, and Audit
Requirements for Federal Awards ("Uniform Guidance").
The schedule of expenditures of federal awards ("SEFA") is prepared on the accrual basis of accounting.
The expenditure threshold for classification as a Type A program is $750,000.
The Council has elected not to use the 10% de minimis indirect cost rate allowed under Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost principles, and Audit Requirements
for Federal Awards ("Uniform Guidance").
Title: Note B - Uniform Guidance
Accounting Policies: The schedule of expenditures of federal awards ("SEFA") is prepared on the accrual basis of
accounting.
The expenditure threshold for classification as a Type A program is $750,000.
De Minimis Rate Used: N
Rate Explanation: The Council has elected not to use the 10% de minimis indirect cost rate allowed under Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost principles, and Audit
Requirements for Federal Awards ("Uniform Guidance").
There were no awards passed through to subrecipients.
The Council did not receive or expend any federal awards during 2024 in the form of non-cash assistance.
The SEFA includes federal award activity of Morgan County Health Council, Inc. under programs of the federal
government for the year ended December 31, 2024. The information in the SEFA 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. Because the SEFA presents only a
selected portion of the operations of Morgan County Health Council, Inc., it is not intended to and does not
present the financial position, changes in net assets, or cash flows of Morgan County Health Council, Inc.