Audit 363435

Title: Basis of Presentation 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. The Organization has elected to use the de minimis indirect cost rate as allowed under 2 CFR §200.414(f). During the fiscal year, the Organization applied both the 10 percent and 15 percent de minimis rates to different federal awards, depending on the effective date of the award action. The 10 percent rate was applied to awards prior to October 1, 2024, and the 15 percent rate was applied to awards on or after that date. De Minimis Rate Used: Y Rate Explanation: The Organization has elected to use the 10 and 15 percent de minimis indirect cost rate as applicable. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Family Health Centers (the Organization) under programs of the federal government for the year ended March 31, 2025. 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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.