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. Public assistance grants expenditures are recognized in the period when: (1) FEMA has approved the PW, and (2) eligible expenditures are incurred.
De Minimis Rate Used: N
Rate Explanation: Costa Salud has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the schedule) includes the federal grant activity of Costa Salud under programs of the federal government for the year ended March 31, 2023. The information in this 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 operation of Costa Salud, it is not intended to and does not present the financial position, changes in net assets or cash flows of Costa Salud.
Title: 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. Public assistance grants expenditures are recognized in the period when: (1) FEMA has approved the PW, and (2) eligible expenditures are incurred.
De Minimis Rate Used: N
Rate Explanation: Costa Salud has elected not to use the 10-percent de minimis indirect cost rate as allowed under 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. Public assistance grants expenditures are recognized in the period when: (1) FEMA has approved the PW, and (2) eligible expenditures are incurred.
Title: ASSISTANCE LISTING 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. Public assistance grants expenditures are recognized in the period when: (1) FEMA has approved the PW, and (2) eligible expenditures are incurred.
De Minimis Rate Used: N
Rate Explanation: Costa Salud has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The Assistance Listing Number (ALN), formerly known as the Catalog of Federal Domestic Assistance (CFDA) Number, is a five-digit number assigned in the awarding document for all federal assistance award mechanisms, including federal grants and cooperative agreements. Assistance listings are detailed public descriptions of federal programs that provide grants, loans, scholarships, insurance, and other types of assistance awards. The SAM.GOV assistance listing is the public online database showing all available federally-funded programs.
Title: PASS-THROUGH ENTITY IDENTIFYING 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. Public assistance grants expenditures are recognized in the period when: (1) FEMA has approved the PW, and (2) eligible expenditures are incurred.
De Minimis Rate Used: N
Rate Explanation: Costa Salud has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
State or local government redistributions of federal awards to Costa Salud, known as pass–through awards, should be treated by Costa Salud as though they were received directly from the federal government. The Uniform Guidance requires the schedule to include the name of the pass–through entity and the identifying number assigned by the pass-through entity for the federal awards received as a sub-recipient. Pass-through entity identifying numbers are presented when available. Numbers identified as N/A are not applicable and numbers identified as N/AV are not available.
Title: PROGRAM CLUSTERS
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. Public assistance grants expenditures are recognized in the period when: (1) FEMA has approved the PW, and (2) eligible expenditures are incurred.
De Minimis Rate Used: N
Rate Explanation: Costa Salud has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The Uniform Guidance defines a cluster of programs as a grouping of closely related programs that share common compliance requirements. According to this definition, the US Office of Management and Budget has identified the Health Center Program as a cluster.
Title: 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. Public assistance grants expenditures are recognized in the period when: (1) FEMA has approved the PW, and (2) eligible expenditures are incurred.
De Minimis Rate Used: N
Rate Explanation: Costa Salud has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
Costa Salud has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
Title: RECONCILIATION OF EXPENDITURES PRESENTED IN THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO THE EXPENSES PRESENTED IN THE FINANCIAL STATEMENTS
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. Public assistance grants expenditures are recognized in the period when: (1) FEMA has approved the PW, and (2) eligible expenditures are incurred.
De Minimis Rate Used: N
Rate Explanation: Costa Salud has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
Some amounts reported in this schedule may differ from amounts presented in or used in the preparation of the financial statements. A reconciliation is disclosed as follows:
Description Amount
Description Amount
Total expenditures per SEFA $ 6,497,179
Less: Expenditures for capital assets (751,314)
Plus: FEMA expenditures incurred during fiscal year but related PW's approved after March 31, 2023 220,602
Other restricted non-federal grants expenses 41,471
Program income and other unrestricted expenses 30,769,172
$ 36,777,110