Notes to SEFA
Title: Provider Relief Funds
Accounting Policies: (1) General - The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Savoy Medical Management Group, Inc., a component unit of the Town of Mamou. Savoy Medical Management Group, Inc.'s reporting entity is defined in Note I to the financial statements for the year ended December 31, 2022. All federal financial assistance received directly from federal agencies is included in the schedule as well as federal financial assistance passed through other government agencies. (2) Basis of Accounting - The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note I to the Savoy Medical Management Group, Inc.'sfinancial statements for the year ended December 31, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
In accordauce with the federal program guidance, the schedule of expenditures of federalawards reports eligible expenditures incurred from January I, 2020 through December 31, 2021. The schedule of expenditures of federal awards includes expenditures of $1,038,176 that were incurred in the prior fiscal year.