Notes to SEFA
A. Basis of Presentation - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Butler County Health Center under programs of the federal government for the year ended December 31, 2024. The information in this 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). Because the Schedule presents only a selected portion of the operations of Butler County Health Center, it is not intended to and does not present the financial position, changes in net position, or changes in fund balance of Butler County Health Center. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
B. Summary of Significant Accounting Policies - 1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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. 2) Pass-through entity identifying numbers are presented where available. 3) The Center has elected to not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
C. Vaccine Value - Nonmonetary assistance is reported in the Schedule at fair value of the vaccine received by the Center.