Notes to SEFA
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. There are no awards passed through to subrecipients. Pass-through identifying numbers were not available.
De Minimis Rate Used: N
Rate Explanation: Talbert House Health Center dba Centerpoint Health has elected not to use the 10% de minimis
indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
award activity of Talbert House Health Center dba Centerpoint Health 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 Talbert
House Health Center dba Centerpoint Health, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Talbert House Health Center dba Centerpoint
Health.