Notes to SEFA
Title: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made
in the normal course of business to amounts reported as expenditures in prior years. The expenditures of federal awards reported on this Schedule may in certain instances exceed the amount of awards
earned. In these instances, the Clinic recognizes revenue only to the extent of the awards earned.
De Minimis Rate Used: N
Rate Explanation: The Clinic has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying consolidated schedule of expenditures of federal and select non-federal awards (Schedule) includes the federal and certain non-federal award activity of the Clinic
under programs of the federal government for the year ended June 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
the Clinic it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the Clinic.
Title: 2. Summary of Significant Accounting Policies
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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made
in the normal course of business to amounts reported as expenditures in prior years. The expenditures of federal awards reported on this Schedule may in certain instances exceed the amount of awards
earned. In these instances, the Clinic recognizes revenue only to the extent of the awards earned.
De Minimis Rate Used: N
Rate Explanation: The Clinic has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made
in the normal course of business to amounts reported as expenditures in prior years. The expenditures of federal awards reported on this Schedule may in certain instances exceed the amount of awards
earned. In these instances, the Clinic recognizes revenue only to the extent of the awards earned.
Title: 3. Indirect Cost Rate
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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made
in the normal course of business to amounts reported as expenditures in prior years. The expenditures of federal awards reported on this Schedule may in certain instances exceed the amount of awards
earned. In these instances, the Clinic recognizes revenue only to the extent of the awards earned.
De Minimis Rate Used: N
Rate Explanation: The Clinic has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Clinic has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: 4. Federal Awards
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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made
in the normal course of business to amounts reported as expenditures in prior years. The expenditures of federal awards reported on this Schedule may in certain instances exceed the amount of awards
earned. In these instances, the Clinic recognizes revenue only to the extent of the awards earned.
De Minimis Rate Used: N
Rate Explanation: The Clinic has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Clinic has not provided any federal awards to subrecipients from the federal expenditures presented in this Schedule.