Notes to SEFA
Title: NOTE A − BASIS OF PRESENTATION
Accounting Policies: The 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 reimbursements. In addition, pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The entity utilzes its negotiated federal indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity
of Hawaii Primary Care Association (Association), and is presented on the accrual basis of accounting. The
information 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, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance). Therefore, certain amounts presented in this Schedule may differ
from amounts presented in, or used in the preparation of, the financial statements of the Association.
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The 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 reimbursements. In addition, pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The entity utilzes its negotiated federal indirect cost rate.
The 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. In addition, pass-through
entity identifying numbers are presented where available.
Title: NOTE C – INDIRECT COST RATES
Accounting Policies: The 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 reimbursements. In addition, pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The entity utilzes its negotiated federal indirect cost rate.
The Association has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.