Notes to SEFA
Title: Presentation
Accounting Policies: Expenditures aree reported on the Schedule 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.
De Minimis Rate Used: N
Rate Explanation: The Entity did not elect to use the de minimus indirect cost rate
The accompanying schedule of expenditurs of federal awards (the schedule ) includes the federal awards activity of Lee County Cooperative Clinc , Inc. under programs of the federal government for the year ended March 31, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards. (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Lee County Cooperative Clinic, Inc., it is not intended to, and does not present the financial position, changes in net assets or cash flows of Lee County Cooperative Clinic, Inc.
Title: Federal Loan program
Accounting Policies: Expenditures aree reported on the Schedule 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.
De Minimis Rate Used: N
Rate Explanation: The Entity did not elect to use the de minimus indirect cost rate
Lee County Cooperative Clinic, Inc. did not have any federal loan programs during the year ended March 31, 2023
Title: Indirect Cost Rate
Accounting Policies: Expenditures aree reported on the Schedule 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.
De Minimis Rate Used: N
Rate Explanation: The Entity did not elect to use the de minimus indirect cost rate
The Entity did not elect to use the 10% de minimus indirect cost rate