Notes to SEFA
Title: BASIS OF PREPARATION
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.
De Minimis Rate Used: N
Rate Explanation: Health West, Inc. does not draw for indirect administrative expenses and has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Health West, Inc. under programs of the federal government for the year ended May 31, 2023. The information in the Schedule is presented in accordance with the requirements of 2 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 operations of Health West, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Health West, Inc.
Title: RECONCILIATION TO 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.
De Minimis Rate Used: N
Rate Explanation: Health West, Inc. does not draw for indirect administrative expenses and has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The financial statements reflect revenue recognized from the Provider Relief Fund of $115,113 and $46,444 for the years ended May 31, 2023 and 2022, respectively. The Schedule includes $161,556 of Period 4 expenditures of Provider Relief Funds in accordance with the requirements of the compliance supplement for assistance listing number 93.498.