Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal awards activity of Agape Community Health Center, Inc. (the “Organization”) under programs of the federal government for the year ended December 31, 2025. The information in the 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
The Uniform Guidance, set forth the audit and reporting requirements for federal awards. The accompanying Schedule includes all federal awards expended by the Organization for the year.
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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented when available.
The Organization did not have any non-cash awards during the fiscal year.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Grant monies received and disbursed by the Organization is for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowance of expenditures. Based upon experience, the Organization does not believe that such disallowances, if any, would have a material effect on the financial position of the Organization.
The Organization provided no federal awards to sub-recipients during the year December 31 2025.