Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the state grant activity of Texas Association of Community Health Centers, Inc. and is presented on the accrual basis of accounting. 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).
During the current year, insurance policies in effect covered $5,753,923 for building, $1,246,123 for contents, actual loss sustained of business income for 12 months, $2,000,000 /$4,000,000 for general liability, $1,000,000 for employee benefits liability, commercial umbrella, directors, officers, and employment practices liability, $500,000 for worker's compensation, $500,000 for flood insurance, and $500,000 for excess employee theft insurance. During 2025, expenditures of $6,035 were made for insurance out of federal funds.
Texas Association of Community Health Centers, Inc. has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.