Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Mental Health Center of Denver, dba WellPower and Affiliates (WellPower) under programs of the federal government for the year ended June 30, 2025. 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 WellPower, it is not intended to and does not present the consolidated statements of financial position, changes in net assets or cash flows of WellPower.
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.
WellPower has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance and instead to use its federally approved indirect cost rate. WellPower has used its federally approved rate unless a grant agreement requires a lower rate.
The federal loan programs listed subsequently are administered directly by WellPower, and balances and transactions relating to these programs are included in WellPower’s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2025 consists of: 14.239 Home Investment Partnerships Program $405,000; 14.241 Housing Opportunities for Persons with AIDS $120,000