Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Konza Prairie Community Health Center, Inc. under programs of the federal government for the years ended December 31, 2022. 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 Konza Prairie Community Health Center, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of Konza Prairie Community Health Center, Inc.
De Minimis Rate Used: N
Rate Explanation: Konza Prairie Community Health Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Note 4 - Federal Loan Program
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Konza Prairie Community Health Center, Inc. under programs of the federal government for the years ended December 31, 2022. 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 Konza Prairie Community Health Center, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of Konza Prairie Community Health Center, Inc.
De Minimis Rate Used: N
Rate Explanation: Konza Prairie Community Health Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The federal loan programs listed subsequently are administered directly by Konza Prairie Community Health Center, Inc., and balances and transactions relating to these programs are included in Konza Prairie Community Health Center, Inc.s financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at December 31, 2022 consists of:Assistance Listing NumberProgram NameOutstanding Balance at December 31, 202259.008Disaster Assistance Loans$694,591
Title: Note 5 - Personal Protection Equipment (PPE) (Unaudited)
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Konza Prairie Community Health Center, Inc. under programs of the federal government for the years ended December 31, 2022. 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 Konza Prairie Community Health Center, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of Konza Prairie Community Health Center, Inc.
De Minimis Rate Used: N
Rate Explanation: Konza Prairie Community Health Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Konza Prairie Community Health Center, Inc. did not receive any donated PPE from a federal source during the year ended December 31, 2022.