Notes to SEFA
Accounting Policies: NOTE A - BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the grant activity of TidalHealth, Inc. and subsidiaries (the Health System) and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Title 2U.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 amounts presented in, or used in the preparation of, the basic consolidated financial statements. The Health System has elected to use the 10% de minimis cost rate.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.