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. Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution: For the U.S. Department of Health and Human Services (HHS) awards related to the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) program, HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirements of the Health Resources and Services Administration (HRSA) PRF Reporting Portal. Payments from HHS for PRF are assigned to "Payment Received Periods" (each, a Period) based upon the date each payment was received from the PRF. Each Period has a specified Period of Availability and timing or reporting requirements. Entities report into the HRSA PRF Reporting Portal after each Period's deadline to use the funds (i.e., after the end of the Period of Availability). The Schedule includes expenditures of the HHS PRF program of the Corporation for the periods of availability which ended in the year ended June 30, 2023. The Period 4 PRF Report includes payments of $728,720 received for the period July 1, 2021 to December 31, 2021, for which the deadline to use these funds was December 31, 2022.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance; rather, the Corporation allocates its costs pursuant to a cost allocation plan.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Hope Enterprises, Inc. and Affiliate (the Corporation) 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to and does not present the financial position, change in net assets or cash flows of the Corporation.
Title: Medical Assistance Program/2176 Home and Community Based Waiver Program
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. Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution: For the U.S. Department of Health and Human Services (HHS) awards related to the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) program, HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirements of the Health Resources and Services Administration (HRSA) PRF Reporting Portal. Payments from HHS for PRF are assigned to "Payment Received Periods" (each, a Period) based upon the date each payment was received from the PRF. Each Period has a specified Period of Availability and timing or reporting requirements. Entities report into the HRSA PRF Reporting Portal after each Period's deadline to use the funds (i.e., after the end of the Period of Availability). The Schedule includes expenditures of the HHS PRF program of the Corporation for the periods of availability which ended in the year ended June 30, 2023. The Period 4 PRF Report includes payments of $728,720 received for the period July 1, 2021 to December 31, 2021, for which the deadline to use these funds was December 31, 2022.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance; rather, the Corporation allocates its costs pursuant to a cost allocation plan.
Pursuant to ODP Communication 059-17, the 2176 Waiver Program is no longer considered federal financial assistance.