Notes to SEFA
Title: Note 2
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accouting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the de-minimis 10% indirect cost rate.
Extensive compliance tests, as required by the Uniform Guidance, were performed on the Grants for Capital Development in Health Centers, which represents 22% of the total expenditures reflected on the Schedule of Expenditures of Federal Awards. The Grants for Capital Development in Health Centers exceeds $315,840 and, therefore, represent the program to which the specific compliance requirements must be applied.