Notes to SEFA
Accounting Policies: This note is included to meet the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requirement that the schedule of expenditures of federal awards (the Schedule) include notes that describe the significant accounting policies used in preparing the Schedule. The accompanying Schedule includes the federal award activity of the Organizations under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance. The Organizations has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of the Organizations, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organizations. The combined financial statements reflect revenue recognized from the Provider Relief Fund of $1,716,457 and $1,617,585 for the years ended December 31, 2022 and 2021, respectively. The Schedule includes the Provider Relief Funds of $875,353 that were received in Periods 3 and 4 in accordance with the requirements of the compliance supplement for assistance listing number 93.498.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.