Notes to SEFA
Title: Note 3: Passthrough to subrecipients
Accounting Policies: The schedule of expenditures of federal and state awards (the "Schedule") is prepared 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). Because this Schedule presents only a selected portion of the operations of Tennessee Primary Care Association, Inc. (the "Association"), it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Association.
De Minimis Rate Used: Y
Rate Explanation: The Association tracks indirect expenses related to each grant; however, the Association elected to use the 10% de minimis cost rate.
The Association did not passthrough any federal awards to subrecipients.
Title: Note 4: Noncash awards
Accounting Policies: The schedule of expenditures of federal and state awards (the "Schedule") is prepared 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). Because this Schedule presents only a selected portion of the operations of Tennessee Primary Care Association, Inc. (the "Association"), it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Association.
De Minimis Rate Used: Y
Rate Explanation: The Association tracks indirect expenses related to each grant; however, the Association elected to use the 10% de minimis cost rate.
The Association did not receive any noncash federal awards.
Title: Note 5: Contingencies
Accounting Policies: The schedule of expenditures of federal and state awards (the "Schedule") is prepared 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). Because this Schedule presents only a selected portion of the operations of Tennessee Primary Care Association, Inc. (the "Association"), it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Association.
De Minimis Rate Used: Y
Rate Explanation: The Association tracks indirect expenses related to each grant; however, the Association elected to use the 10% de minimis cost rate.
These programs are subject to financial and compliance audits by grantor agencies. The amount, if any, of expenditures that may be disallowed by the grantor agencies cannot be determined at this time, although the Association expects such amounts, if any, to be immaterial.