Notes to SEFA
Title: Provider Relief Fund
Accounting Policies: 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federalawards activity of Step By Step, Inc. (the Organization) under programs of the federal government forthe year ended June 30, 2022. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of the operations of the Organization, it is not intended to and does notpresent the financial position, changes in net assets or cash flows of the Organization.2. Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement.3. Relationship to Basic Financial StatementsIn certain programs, the expenditures reported in the basic financial statements may differ from theexpenditures reported in the Schedule due to program
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
As it relates to Assistance Listing Number 93.498, Provider Relief Fund and American Rescue PlanRural Distribution (PRF) the schedule for the year ended June 30, 2022 includes expenditures includedin the Period 2 PRF Report for the Organization, TIN 232052563. The Period 2 PRF Report includespayments received for the period July 1, 2020 to December 31, 2020. The deadline to use these fundswas December 31, 2021. A reconciliation of the amounts reported in the schedule is as follows:PRF payments received through June 30, 2022 $ 1,468,026Interest earned on PRF payments received throughJune 30, 2022 -Total payments included in Period 2 PRF Report 1,468,026Less expenditures included in Period 2 PRF Report (1,468,026)Remaining unused payments included in Period 2PRF Report $ -