Notes to SEFA
Title: Note D-Relationship to Financial Statements
Accounting Policies: (1) 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. (2) Pass-through entity identifying numbers are presented where available. (3) St. Charles Health Council, Inc. did not have any subrecipients for the year ended May 31, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Grant proceeds reported in Statement of Activities $9,211,499 Plus Provider Relief Funds included in prior year financials but current year SEFA (Period 1) 1,439,425 Less Provider Relief Funds included in current year financials but a future year SEFA (Period 4) (1,052,081)Total Expenditures of Federal Awards $9,598,843
Title: Note E-Provider Relief Funds
Accounting Policies: (1) 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. (2) Pass-through entity identifying numbers are presented where available. (3) St. Charles Health Council, Inc. did not have any subrecipients for the year ended May 31, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The US Department of Human and Health Services issued guidance that requires Provider Relief Funds to be reported on the SEFA in accordance with a schedule of when the required reporting is processed regardless of when the corresponding expenditures or revenue loss are reported under generally accepted accounting principles.