Notes to SEFA
The schedule of expenditures of federal awards (the Schedule) includes federal award activity of North Mississippi Primary Health Care, Inc. under programs of the federal government for the nine months ended December 31, 2024. 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). Because the Schedule presents only a selected portion of the operations of North Mississippi Primary Health Care, Inc., it is not intended to and does not present the financial position, change in net assets or cash flows of North Mississippi Primary Health Care, Inc.
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. North Mississippi Primary Health Care, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.