Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Mosaic Community Health (Mosaic, or the Organization). The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule only presents only a selected portion of the operations of Mosaic, it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows for Mosaic.
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, Subpart E, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization has elected to use the de minimis indirect cost rate as allowed under the Uniform Guidance; however, there were no indirect costs charged to the federal award programs for the year ended June 30, 2025.
No federal award payments were made to subrecipients for the year ended June 30, 2025.