Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of Iberia Comprehensive Community Health Center, Inc. under programs of the federal governmentfor the year ended May 31, 2022. The information in this schedule is presented in accordance with therequirements for Title 2 of U.S. Code of Federal Regulations Part 200, Uniform Requirements, CostPrinciples, and Requirements for Federal Awards (Uniform Guidance). The amounts presented in thisschedule do not differ from the amounts presented in or used in the preparation of the financial statements. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedulerepresent adjustments or credits made in the normal course of business to amounts reported as expendituresin prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.