Notes to SEFA
Title: Related Party Transactions
Accounting Policies: Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The board members of Health Emergency Medical Services, Inc. are in management positions at various other healthcare organizations who receive reimbursement for pharmaceuticals, biohazard equipment, emergency communications equipment, and education and training. Of the amounts listed on the schedule of expenditures of federal awards there were $333,831 in expenses to related party organizations.
Title: Reconciliation to the Financial Statements
Accounting Policies: Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal revenues are recorded as grant revenues on the statement of activities and reconcile to the schedule of expenditures of federal awards as detailed below.Grant revenue per financial statements $1,959,963 Less: nonfederal grant revenues (5,868)Federal expenditures per schedule of expenditures of federal awards $1,954,095
Title: Subrecipients
Accounting Policies: Expenditures reported in the Schedule are reported on an accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No amounts were provided to subrecipients.