Notes to SEFA
Title: RECEIVABLE FROM FEDERAL GRANTOR
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The Organization has a federally negotiated indirect cost rate of 27.20% based on direct salaries and wages for federally funded programs.
The Organization receives federal pass-through funding from Central Florida Cares Health System, Inc. (the Managing Entity) under multiple contracts using negotiated rates. At June 30, 2022, the Organization was owed approximately $4,700,000 from the Managing Entity under these contracts.