Notes to SEFA
Accounting Policies: NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE 3. INDIRECT COST RATEFour Corners Primary Care Centers, Inc. has elected not to use the 10% de minimis cost rate as allowed underthe Uniform Guidance.