Notes to SEFA
Title: Note 3
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of ECFH 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no federal awards expended in the form of non-cash assistance or loan guarantees outstanding at year-ed. ECFH benefited from deemed malpractice liability coverage in accordance with Section 224(g) of the Public Health Service Act, 42, U.S.C. Sec 233(g), as amended by P.I., 104-73. The value of the insurance coverage cannot be determined, and therefore it is not included in the SEFA.
Title: Note 4
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of ECFH 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
ECFH did not provide any federal funds to subrecipients.