Notes to SEFA
The accompanying policies and presentation of the Schedule of Expenditures of Federal Awards and State Financial Assistance of Suwannee River Area Health Education Center, Inc. (the “Organization”) have been designed to conform to generally accepted accounting principles as applicable to voluntary health and welfare agencies, including the reporting and compliance requirements of the Audits of States, Local Governments, and Non-Profit Organizations and State of Florida Chapter 10.650, Rules of the Auditor General of Florida.
The reporting entity consists of the Organization. The Organization includes a Schedule of Expenditures of Federal Awards and State Financial Assistance in the Single Audit and Compliance Section.
The accrual basis of accounting is followed in the Schedule of Expenditures of Federal Awards and State Financial Assistance. Under the accrual basis, revenues are recognized when they become earned. Expenses generally are recorded when a liability is incurred.
The Organization had no subrecipients during the fiscal year.
The Organization has elected to not use the 10% de minimis indirect cost rate for its federal programs and state projects for the year ended June 30, 2025.