Notes to SEFA
Title: Note 1
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 as to reimbursement. Passthrough entity identifying numbers are presented where available. Of the federal expenditures presented in the Schedule, none were provided to subrecipients.
De Minimis Rate Used: N
Rate Explanation: Sun Life Family Health Center, Inc. did not elect to use the 10% de miimis cost rate allowed under Uniform Guidance
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Sun Life Family Health Center, Inc. (the “Organization”) under programs
of the federal government for the year ended May 31, 2023. The information in the 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”). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Note 4
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 as to reimbursement. Passthrough entity identifying numbers are presented where available. Of the federal expenditures presented in the Schedule, none were provided to subrecipients.
De Minimis Rate Used: N
Rate Explanation: Sun Life Family Health Center, Inc. did not elect to use the 10% de miimis cost rate allowed under Uniform Guidance
The federal loan program listed subsequently is administered directly by Sun Life Family Health Center, Inc., and balances and transactions relating to the program is included in Sun Life Family Health Center, Inc.’s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of the loan outstanding at May 31, 2023, consist of Community Facilities Loans and Grants (Assistance Listing Number 10.766) of $1,838,767
Title: Note 5
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 as to reimbursement. Passthrough entity identifying numbers are presented where available. Of the federal expenditures presented in the Schedule, none were provided to subrecipients.
De Minimis Rate Used: N
Rate Explanation: Sun Life Family Health Center, Inc. did not elect to use the 10% de miimis cost rate allowed under Uniform Guidance
Sun Life Family Health Center, Inc. has not received any donated PPE from a federal source during the year ended May 31, 2023.