Title: Expenditures and Revenue Recognition
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Organization under programs of the federal government for the year ended December 31, 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). As the Schedule presents only a selected portion of the Organizations operation, it is not intended to and does not present the balance sheet, operations and changes in net deficit, or cash flows of the Organization. Some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the balance sheet and the related statements of operations and changes in net deficit, and cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Schedule presents expenditures and lost revenues of the Provider Relief Funds (PRF) program on an 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 and, accordingly, are not reflected as an expenditure on the Schedule. All program outlays, including accrued expenditures and capital outlays, are reported as expenditures. Related revenues (which are not presented herein) are recognized up to award amounts for program reporting. As required by the U.S. Department of Health and Human Services (HHS) and outlined in the 2022 OMB Compliance Supplement, PRF distributions are reported on the schedule based on the PRF reporting portal submission guidelines for when payments were received. Payments from HHS for PRF are assigned to Payment Received Periods (each, a Period) based upon the date each payment from the PRF was received. Each Period has a specified period of availability and timing of reporting requirements. For this audit period, the schedule reflects the PRF funds received in Period 3 ($194,996) and Period 4 ($664,241) which were from January 1, 2021 to June 30, 2021, and July 1, 2021 to December 31, 2021, respectively. The reporting time period for Period 3 was July 1, 2022 to September 30, 2022. The reporting time period for Period 4 was January 1, 2023 to March 31, 2023. The schedule includes $- of direct expenditures and $859,237 in lost revenues. Award reporting periods do not necessarily coincide with the fiscal reporting period of the Organization.
Title: CONTINGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Organization under programs of the federal government for the year ended December 31, 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). As the Schedule presents only a selected portion of the Organizations operation, it is not intended to and does not present the balance sheet, operations and changes in net deficit, or cash flows of the Organization. Some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the balance sheet and the related statements of operations and changes in net deficit, and cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Provider Relief Funds received by the Organization are for specific purposes and are subject to review by HHS. Such review may result in requests for reimbursement. The Organization believes it is in compliance with the requirements of the PRF program.