Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Butte Native Wellness Center under programs of the federal governments for the year ended September 30, 2024. The information in this schedule is presented in accordance with requirements of the 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 Butte Native Wellness Center, it is not intended to and does not present the financial position, changes in net assets or cash flows of Butte Native Wellness Center.
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 type of expenditures are not allowable or are limited as to reimbursement.
Butte Native Wellness Center has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
Butte Native Wellness Center does not have any sub-recipients of federal awards.