Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State Awards (the “SEFSA”) includes the federal and state award activity of Cross Timbers Health Clinic, Inc., d.b.a. AccelHealth for the year ended November 30, 2025. The federal expenditures are 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”). The state expenditures are presented in accordance with Texas Grant Management Standards. Because the SEFSA presents only a selected portion of the operations of Cross Timbers Health Clinic, Inc., d.b.a. AccelHealth, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Cross Timbers Health Clinic, Inc., d.b.a. AccelHealth.
Expenditures reported on the SEFSA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the Texas Grant Management Standards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
Cross Timbers Health Clinic, Inc., d.b.a. AccelHealth has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Cross Timbers Health Clinic, Inc., d.b.a. AccelHealth did not provide any federal awards to subrecipients during the year ended November 30, 2025.
Federal and state grant programs are subject to audit by the awarding agencies. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. Management believes that any potential disallowances will not have a material effect on the financial statements.