Notes to SEFA
Accounting Policies: The Schedule includes the federal activity of THI and is presented on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowed or are limited as to reimbursement. Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the financial statements.THI has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. THI elected to use the indirect cost rate approved by the U.S. Department of Health and Human Services because it is significantly higher than the de minimis rate, and more closely aligns with THIs overhead costs.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.