Notes to SEFA
Title: OTHER MATTERS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal grant activity of AxessPointe Community Health Centers, Inc. (the Organization)under programs of the federal government for the year ended December 31, 2022. Theinformation in this Schedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because theSchedule presents only a selected portion of the operations of the Organization, it is notintended to be and does not present the financial position, changes in net assets, functionalexpenses, or cash flows of the Organization.Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amount of Noncash Assistance: NoneAmount of Insurance: NoneAmount of Loans: NoneAmount of Loan Guarantees: None