Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activities in all federal awardprograms of Community Health and Dental Care, Inc. All financial assistance received directly from federalagencies, as well as financial awards passed through other governmental and nonprofit agencies, arepresented on the schedule of expenditures of federal awards. The information in this schedule is presentedin accordance with Title 2 U.S. Code of Federal Regulations ("CFR") Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance").Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in thepreparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Community Health and Dental Care, Inc. has elected to use the 10-percent de minimus indirect cost rateallowed under the Uniform Guidance.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited to reimbursement.