Title: 1
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: KRCC has elected not to use the 10% de minimis cost rate. KRCC uses cost rates from the organization's most recent audited Kentucky Department of Medicaid Service annual cost report.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Kentucky River Community Care, Inc. 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the opeations of Kentucky River Community Care, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Kentucky River Community Care, Inc.
Title: 2
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: KRCC has elected not to use the 10% de minimis cost rate. KRCC uses cost rates from the organization's most recent audited Kentucky Department of Medicaid Service annual cost report.
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.
Title: 3
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: KRCC has elected not to use the 10% de minimis cost rate. KRCC uses cost rates from the organization's most recent audited Kentucky Department of Medicaid Service annual cost report.
Kentucky River Community Care, Inc. has elected not to use the 10 percent de minimum cost rate allowed under the Uniform Guidance.
Title: 4
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: KRCC has elected not to use the 10% de minimis cost rate. KRCC uses cost rates from the organization's most recent audited Kentucky Department of Medicaid Service annual cost report.
This schedule does not include the following federal awards activity of KRHH, a separate HUD corporation controlled by the Organization: See the Notes to the SEFA for chart/table
Title: 5
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: KRCC has elected not to use the 10% de minimis cost rate. KRCC uses cost rates from the organization's most recent audited Kentucky Department of Medicaid Service annual cost report.
No awards were provided to sub recipients.
Title: 6
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: KRCC has elected not to use the 10% de minimis cost rate. KRCC uses cost rates from the organization's most recent audited Kentucky Department of Medicaid Service annual cost report.
Reconciliation of federal expenditures to financial statements were as follows: See the Notes to the SEFA for chart/table