Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: GENERAL INFORMATION - The accompanying schedule of expenditures of federal awards presents the activities in all the federal award programs of School-Based Health Alliance (the "Alliance"). All financial assistance received directly from federal agencies, as well as financial awards passed through other governmental and nonprofit agencies, are presented on the schedule of expenditures of federal awards. The information in this schedule is presented in accordance with the requirements of the Title 2 U.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 this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. BASIS OF ACCOUNTING - 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 to reimbursement. RELATIONSHIP TO BASIC FINANCIAL STATEMENTS - Federal awards expenditures are reported on the statements of activities and functional expenses. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to program expenditures exceeding grant or contractbudget limitations which are not included as federal awards.
De Minimis Rate Used: N
Rate Explanation: The Alliance has elected not to use the 10 percent de minimus indirect cost rate allowed under the UniformGuidance. Indirect costs included in the schedule of expenditures of federal awards are charged to the federalgovernment based on an approved indirect cost rate agreement (23.10% for 2022). This agreement allows theAlliance to charge indirect costs based on the amount of direct charges incurred for the award, less anyparticipant support costs, capital expenditures and the amount of subawards in excess of $25,000. Theamount charged on federal awards for indirect costs may differ from amounts allocated between programservices and supporting services on the statements of activities and statements of functional expenses.
DISASTER ASSISTANCE LOANS (59.008) - Balances outstanding at the end of the audit period were 97497.
Title: Loan outstanding balance
Accounting Policies: GENERAL INFORMATION - The accompanying schedule of expenditures of federal awards presents the activities in all the federal award programs of School-Based Health Alliance (the "Alliance"). All financial assistance received directly from federal agencies, as well as financial awards passed through other governmental and nonprofit agencies, are presented on the schedule of expenditures of federal awards. The information in this schedule is presented in accordance with the requirements of the Title 2 U.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 this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. BASIS OF ACCOUNTING - 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 to reimbursement. RELATIONSHIP TO BASIC FINANCIAL STATEMENTS - Federal awards expenditures are reported on the statements of activities and functional expenses. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to program expenditures exceeding grant or contractbudget limitations which are not included as federal awards.
De Minimis Rate Used: N
Rate Explanation: The Alliance has elected not to use the 10 percent de minimus indirect cost rate allowed under the UniformGuidance. Indirect costs included in the schedule of expenditures of federal awards are charged to the federalgovernment based on an approved indirect cost rate agreement (23.10% for 2022). This agreement allows theAlliance to charge indirect costs based on the amount of direct charges incurred for the award, less anyparticipant support costs, capital expenditures and the amount of subawards in excess of $25,000. Theamount charged on federal awards for indirect costs may differ from amounts allocated between programservices and supporting services on the statements of activities and statements of functional expenses.
Loans payable on the schedule of expenditures of federal awards are reported at their balances as of the beginning of the year. The Alliance has a loan payable balance outstanding at September 30, 2022 of $97,497.