Notes to SEFA
Title: Note 4: FEDERALLY FUNDED INSURANCE
Accounting Policies: Basis of Presentation This schedule includes the activity of St. Thomas Community Health Center, Inc. and Subsidiary (the Clinic) 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Clinic has no federally funded insurance.
Title: Note 5: NONCASH ASSISTANCE
Accounting Policies: Basis of Presentation This schedule includes the activity of St. Thomas Community Health Center, Inc. and Subsidiary (the Clinic) 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Clinic did not receive any federal noncash assistance for the fiscal year ended December 31, 2022.
Title: Note 3: LOAN
Accounting Policies: Basis of Presentation This schedule includes the activity of St. Thomas Community Health Center, Inc. and Subsidiary (the Clinic) 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Clinic did not expend federal awards related to loans or loan guarantees during the year. The balance of the loan outstanding between the Clinic and Louisiana Recovery Authority (LRA Loan) as of December 31, 2022 is $0. The LRA Loan is described in detail in Note 6 Long-Term Debt in the notes to the consolidated financial statements. There are no continuing requirements related to this loan.
Title: Note 6: RECONCILIATION OF FEDERAL EXPENDITURES TO FEDERAL REVENUE
Accounting Policies: Basis of Presentation This schedule includes the activity of St. Thomas Community Health Center, Inc. and Subsidiary (the Clinic) 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).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Below is a reconciliation of the schedule of expenditures of federal awards to the grant revenues as presented on the consolidated statement of activities of the Clinic. (See Table in Report.)