Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Jefferson Center for Mental Health, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2024. 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 Jefferson Center for Mental Health, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Jefferson Center for Mental Health, Inc. and Affiliates. 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.
De Minimis Rate Used: Y
Rate Explanation: Jefferson Center for Mental Health, Inc. and Affiliates has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Jefferson Center for Mental Health, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2024. 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 Jefferson Center for Mental Health, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Jefferson Center for Mental Health, Inc. and Affiliates.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Jefferson Center for Mental Health, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2024. 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 Jefferson Center for Mental Health, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Jefferson Center for Mental Health, Inc. and Affiliates. 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.
De Minimis Rate Used: Y
Rate Explanation: Jefferson Center for Mental Health, Inc. and Affiliates has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
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.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Jefferson Center for Mental Health, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2024. 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 Jefferson Center for Mental Health, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Jefferson Center for Mental Health, Inc. and Affiliates. 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.
De Minimis Rate Used: Y
Rate Explanation: Jefferson Center for Mental Health, Inc. and Affiliates has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Jefferson Center for Mental Health, Inc. and Affiliates has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Federal Loan Program
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Jefferson Center for Mental Health, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2024. 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 Jefferson Center for Mental Health, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Jefferson Center for Mental Health, Inc. and Affiliates. 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.
De Minimis Rate Used: Y
Rate Explanation: Jefferson Center for Mental Health, Inc. and Affiliates has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The federal loan program listed subsequently is administered directly by Jefferson Center for Mental Health, Inc., and the balance and transaction relating to this program is included in Jefferson Center for Mental Health, Inc.’s basic financial statements. The loan outstanding at the beginning of the year and any loans made during the year are included in the federal expenditures presented in the Schedule. The balance of the loan outstanding at June 30, 2024 consists of:
Assistance Listing Number - 14.181
Program Name - Supportive Housing for Persons with Disabilities (Section 811)
Outstanding Balnace at June 30, 2024 - $701,600