Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal activity of Neighborhood Health under programs of the federal government for the year ended June 30, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Neighborhood Health, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Neighborhood Health.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards or OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Neighborhood Health has not elected to use the 10 percent de minimis indirect cost rate as allowed under the uniform guidance.
A reconciliation between the schedule of functional expenses and the schedule of expenditures is as follows: Total program expenses $ 47,450,557 less non-federal program expenses -40,424,757 equal Total federal expenditures 7,025,800.