Notes to SEFA
Basis of Presentation 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 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). Because the Schedule presents only a selected portion of the operations of AHCH, it is not intended to and does not present the financial position, changes in net assets, or cash flows of AHCH. Other Direct Reimbursements 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.
AHCH did not provide any federal awards to subrecipients during fiscal year 2025.
A reconciliation of federal award program expenditures to grants revenue in 2025 statement of activities for the year ended June 30, 2025, is as follows: See the Notes to the SEFA for chart/table.
AHCH has negotiated its own indirect cost rate and, therefore, has elected not to use the 10% de minimis indirect cost rate.