Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 1 - Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Compass Health under programs of the federal government for the year ended June 30, 2022. The information in the 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). The Schedule presents only a selected portion of the operations of the Organization. It is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization. Note 2 - Summary of Significant 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. 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.The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note 5 - Loans Outstanding The Organization had the following loan balances outstanding at June 30, 2022: See the Notes to the SEFA for chart/table
Title: COVID 19 Provider Relief Funds
Accounting Policies: Note 1 - Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Compass Health under programs of the federal government for the year ended June 30, 2022. The information in the 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). The Schedule presents only a selected portion of the operations of the Organization. It is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization. Note 2 - Summary of Significant 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. 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.The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization was the recipient of funding under assistance listing number 93.498, Provider Relief Fund (PRF), and as required based on guidance in the 2022 OMB Compliance Supplement, the Schedule includes all period 3 funds received between January 1, 2021 to June 30, 2021 and expended by June 30, 2022 as reported to the Department Health and Human Services via the PRF Reporting Portal. During the year ended June 30, 2021, $157,718 of the period 3 PRF funds received was recognized as support due to COVID19 pandemic in the Organizations consolidated financial statements for the year then ended. The remaining period 3 PRF funds received of $1,874,534 was recognized as support during the year ended June 30, 2022. The Schedule includes Provider Relief Funds of the following entities for the year ended June 30,2022: See the Notes to the SEFA for chart/table