Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity
of the Minnesota Comprehensive Health Association under programs of the federal government for the year
ended December 31, 2024. The information 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 Minnesota Comprehensive Health Association, it is not intended to and does not present
the financial net position, changes in revenues, expenses and net position or cash flows of Minnesota
Comprehensive Health Association.
Expenditures reported in the schedule are reported on the cash basis of accounting. When applicable, 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. No federal financial assistance has
been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: Minnesota Comprehensive Health Association does not draw for indirect administrative expenses and has not
elected to use the 10% de minimis cost rate.