Title: CARES Act Provider Relief Fund
Accounting Policies: This summary of significant accounting policies of La Clinica de Familia, Inc. is presented to assist in understanding La Clinica de Familia, Inc.’s Schedule of Expenditures of Federal Awards (“SEFA”). The Schedule and notes are representations of La Clinica de Familia, Inc.'s management, who is responsible for their integrity and objectivity. The Schedule of Expenditures of Federal Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: La Clinica de Familia, Inc. has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414.
La Clinica received Provider Relief Fund payments totaling $168,168 between July 1, 2021, to December 31, 2021 (Period 4). The 2022 Compliance Supplement issued by the U.S. Office of Management and Budget requires that Period 4 Provider Relief Fund
payments be reported on the Schedule of Expenditures of Federal Awards for fiscal years ending between December 31, 2022 through June 29, 2023. Accordingly, the accompanying SEFA for the year ended May 31, 2023 includes Period 4 Provider Relief Fund payments of $168,168. A reconciliation of total federal grant expenditures per SEFA to total federal grant income reported in the Consolidated Statement of Activities for the year ended May 31, 2023 is as follows: Total federal expenditures per SEFA $13,850,746 Less: Period 4 PRF (168,168) Total federal grant income per Consolidated Statement of Activities $13,682,578
Title: Subrecipients
Accounting Policies: This summary of significant accounting policies of La Clinica de Familia, Inc. is presented to assist in understanding La Clinica de Familia, Inc.’s Schedule of Expenditures of Federal Awards (“SEFA”). The Schedule and notes are representations of La Clinica de Familia, Inc.'s management, who is responsible for their integrity and objectivity. The Schedule of Expenditures of Federal Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: La Clinica de Familia, Inc. has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414.
There were no subrecipients of the federal awards received by La Clinica de Familia, Inc. for the year ended May 31, 2023.
Title: Affiliate
Accounting Policies: This summary of significant accounting policies of La Clinica de Familia, Inc. is presented to assist in understanding La Clinica de Familia, Inc.’s Schedule of Expenditures of Federal Awards (“SEFA”). The Schedule and notes are representations of La Clinica de Familia, Inc.'s management, who is responsible for their integrity and objectivity. The Schedule of Expenditures of Federal Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: La Clinica de Familia, Inc. has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414.
La Clinica’s Affiliate, La Clinica de Familia Title Holding Corporation, did not receive any federal awards for the year ended May 31, 2023.