Audit 365286

Accounting Policies: Notes to Schedule: 1. The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Health Ministries Clinic, Inc. (Clinic) under programs of the federal government for the year ended December 31, 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 the Clinic, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Clinic. 2. Expenditures reported on the Schedule are reported on the accrual basis of accounting which is consistent with the preparation of the Clinic’s financial statements. 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. 3. The Clinic did not have any non-cash awards during the fiscal period. 4. There were no awards passed through to sub-recipients. 5. The Clinic has elected to not use the 10% de minimis indirect cost rate under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Clinic has elected to not use the 10% de minimis indirect cost rate under the Uniform Guidance.