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: BCDC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Brownsville Community Development Corporation dba Brownsville Multi-Service Family Health Center (“BCDC”) 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”). Because the Schedule presents only a selected portion of the operations of the BCDC, it is not intended to and does not present the financial position, changes in net assets or cash flows of BCDC.
Title: Provider Relief Fund 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: BCDC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
For the awards from the Department of Health and Human Services (“HHS”) related to the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (“PRF”) program, HHS has indicated that the amounts on the Schedule should be reported in accordance with the reporting requirements of the Health Resources and Service 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 receiving PRF are required to report in the HRSA PRF Reporting Portal after each Period's deadline (i.e., after the end of the Period of Availability).
The Schedule includes all Period 3 PRF payments received between January 1, 2021 and June 30, 2021 and all Period 4 PRF payments received between July 1, 2021 and December 31, 2021 reported by BCDC to HRSA in the PRF Reporting Portal totaling $271,626. BCDC recognized PRF revenue for the year ended December 31, 2021 of $271,626 in the consolidated financial statement line item government grants in the accompanying 2021 consolidated statement of operations and changes in net assets.
Title: Non-cash Awards
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: BCDC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
BCDC received noncash assistance of $635,984 in the form of immunization vaccines for Federal Assistance Listing number 93.268 during the year ended December 31, 2022, which were passed through from the City of New York Department of Health and Mental Hygiene. Distribution of the immunizations is reflected in the Schedule.
In addition, included in the amount reported for Federal Assistance Listing No. 10.557, Special Supplemental Nutrition Program for Women, Infants and Children (“WIC”), is $2,051,175 for the fair value of the redeemed food instrument issuances. A food instrument is an electronic benefits transfer where the food benefits are automatically added onto a card, similar to a debit card. The cards are produced through the New York State WIC Statewide Information System and are issued to WIC participants and may be redeemed to obtain WIC approved foods/formula from authorized vendors.
Title: Personal Protective Equipment (“PPE”) (Unaudited)
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: BCDC has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
BCDC did not receive donated PPE from a federal source during the year ended December 31, 2022.