Notes to SEFA
Title: 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 represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Sixteenth Street Community Health Centers, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of Sixteenth Street Community Health Centers, Inc. under programs of the federal and state governments for the year ended March 31, 2023. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State Single Audit Guidelines. Because the Schedule presents only a selected portion of the operations of Sixteenth Street Community Health Centers, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Sixteenth Street Community Health Centers, Inc. Expenditures for SSCHC Real Estate, Inc. are not included to meet the requirements contained in the Uniform Guidance because it is not required to have an audit under the Uniform Guidance.
Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution
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 represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Sixteenth Street Community Health Centers, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Provider Relief Funds and ARP funds of $693,894 are included in revenue on the consolidated statement of activities for the year ending March 31, 2023. Based on guidance from the U.S. Department of Health and Human Services, these funds, which were received in Period 4, are required to be included in the schedule of expenditures of federal and state awards for the year ending March 31, 2023.
Title: Pass-Through Grantor's Number
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 represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Sixteenth Street Community Health Centers, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
As requested by the funder, where available, the Schedule presents the CARS profile number as the pass-through grantor's number for federal funding that passes through the State of Wisconsin Department of Health Services.