Notes to SEFA
Title: Note 1 - Basis of Presentation
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 wherin certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Northeast Alabama Health Services, Inc., has not elected to use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance
The accompanying Schedule of Expenditures of Federal Awards ("the Schedule") includes the federal grant activity of Northeast Alabama Health Services, Inc. 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). Because the Schedule presents only a selected portion of the operations of Northeast Alabama Health Services, Inc., it is not intended to and does not present the financial position or changes in net assets of Northeast Alabama Health Services, Inc.