Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of PHI (d.b.a. Presbyterian Senior Living) (the Corporation) 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 Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Federal funds were received in awards from the U.S. Department of Health and Human Services (HHS) and the U.S. Department of Homeland Security, including through federal programs established or funded by legislation issued in response to the COVID-19 pandemic (e.g., Coronavirus Aid, Relief, and Economic Security (CARES) Act or the American Rescue Plan (ARP)).Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of the Corporation.The Schedule does not include the federal awards of certain affiliates because the U.S. Department of Housing and Urban Development requires a stand alone audit of the respective entities.
Title: Provider Relief Funding and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
For the U.S. Department of Health and Human Services (HHS) awards related to the Provider Relief Funding and American Rescue Plan (ARP) Rural Distribution (PRF) program, HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirements of the Health Resources and Services Administration (HRSA) PRF Reporting Portal. 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. Entities report into the HRSA PRF Reporting Portal after each Period's deadline to use the funds (i.e., after the end of the Period of Availability). The Schedule for the year ended December 31, 2022 includes expenditures and lost revenues included in the Period 3 and Period 4 PRF Reports submitted for the Corporation. The Period 3 PRF Reports include payments received for the period January 1, 2021 to June 30, 2021. The deadline to use these funds was June 30, 2022. The Period 4 PRF Reports include payments received for the period July 1, 2021 to December 31, 2021. The deadline to use these funds was December 31, 2022.The Schedule includes the following entities that received the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution program:Legal Entity NameTax Identification NumberCathedral Village23-2018005Presbyterian Senior Living Services52-2133513Presbyterian Homes, Inc.23-2941518Quincy Retirement Community23-1173321Presbyterian Homes in the Presbytery of Huntingdon23-1352512
Title: Disaster Grants, Public Assistance (Presidentially Declared Disasters) -
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Federal Emergency Management Agency (FEMA) requires that FEMA has approved a project and that there have been eligible expenditures incurred for the approved project prior to reporting this program on the Schedule. Due to FEMA's guidance, $1,289,450 of the expenditures reported on the SEFA were incurred prior to 2022, however the projects were not approved by FEMA until 2022.