Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: Note 2 - Summary of Significant Accounting Policies– Expenditures reported on the Schedule are reported 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 to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Center elected not to use the 10% de minimis cost rate.
Note 1 – Basis of Presentation – The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Primary Care of Southwest Georgia, Inc. under programs of the federal government for the year ended April 30, 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 Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Primary Care of Southwest Georgia, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Primary Care of Southwest Georgia, Inc.
Title: Note 3
Accounting Policies: Note 2 - Summary of Significant Accounting Policies– Expenditures reported on the Schedule are reported 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 to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Center elected not to use the 10% de minimis cost rate.
Note 3 – The Center did not have any non-cash awards during the fiscal year.
Title: Note 4
Accounting Policies: Note 2 - Summary of Significant Accounting Policies– Expenditures reported on the Schedule are reported 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 to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Center elected not to use the 10% de minimis cost rate.
Note 4 – There were no awards passed through to sub-recipients.