Notes to SEFA
Title: Other Direct Reimbursements
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Albuquerque Health Care for the Homeless, Inc. (AHCH) and is presented on the modified accrual basis of accounting. The information in the 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).
De Minimis Rate Used: N
Rate Explanation: AHCH has negotiated its own indirect cost rate and, therefore, has elected not to use the 10% de minimis indirect cost rate.
AHCH receives certain direct reimbursement revenue from federal agencies under the Medicare and Medicaid programs, which are not subject to the requirements of Uniform Guidance and are not presented in the accompanying schedule.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Albuquerque Health Care for the Homeless, Inc. (AHCH) and is presented on the modified accrual basis of accounting. The information in the 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).
De Minimis Rate Used: N
Rate Explanation: AHCH has negotiated its own indirect cost rate and, therefore, has elected not to use the 10% de minimis indirect cost rate.
AHCH did not provide any federal awards to subrecipients during fiscal year 2022.
Title: Relationship to Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Albuquerque Health Care for the Homeless, Inc. (AHCH) and is presented on the modified accrual basis of accounting. The information in the 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).
De Minimis Rate Used: N
Rate Explanation: AHCH has negotiated its own indirect cost rate and, therefore, has elected not to use the 10% de minimis indirect cost rate.
A reconciliation of federal award program expenditures to grants revenue in the 2022financial statements is as follows:Schedule of Expenditures of Federal Awards: $ 4,502,953Nonfederal Grants: $ 1,509,485 Grants Revenue Financial Statements: $ 6,012,438