Notes to SEFA
The amounts reflected in the financial reports submitted to the awarding federal and/or pass-through agencies and the schedule may differ. Some of the factors that may account for any difference include the following: • The Center’s year end may differ from the program’s year end. • Accruals recognized in the schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period. • Fixed asset purchases and the resultant depreciation charges are recognized as property and equipment, net in the Center’s financial statements and as expenditures in the program financial reports.
This schedule was prepared on the accrual basis of accounting. Expenditures are recognized in the period in which they are incurred.
Grant monies received and disbursed by the Center are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the Center does not believe that such disallowance, if any, would have a material effect on the financial position of the Center. As of December 31, 2024, there were no questioned costs reported in the Schedule of Findings and Questioned Costs for Assistance Listing No. 93.224, U.S. Department of Health and Human Services Community Health Centers Program or Assistance Listing No. 93.527, U.S. Department of Health and Human Services Grants for New and Expanded Services under the Health Center Program.
The Center did not receive any federal noncash assistance for the fiscal year ending December 31, 2024.
The Center has elected to not use the 10% de minimis indirect cost rate.
The Center did not provide federal funds to subrecipients for the fiscal year ending December 31, 2024.
The Center did not have any loans or loan guarantee programs required to be reported on the schedule.