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 Home has elected not to use the ten-percent de minimus indirect cost rate allowable under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of Chapin Home for the Aging (the "Home") 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 the 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 Home, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Home.
Title: HUD Mortgage Program
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 Home has elected not to use the ten-percent de minimus indirect cost rate allowable under the Uniform Guidance.
The Home received a U.S. Department of Housing and Urban Development/Federal Housing Authority loan under section 232 of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The Home received no additional loans during the year. The loan balance outstanding at December 31, 2022 is $8,548,970.
Title: COVID-19 - Provider Relief Fund and American Rescue Plan ("ARP")
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 Home has elected not to use the ten-percent de minimus indirect cost rate allowable under the Uniform Guidance.
For the Department of Health and Human Services Awards ("HHS") related to the Provider Relief Fund and American Rescue Plan ("ARP") Rural Distribution ("PRF") program, HHS has indicated the amounts on the Schedule should be reported corresponding to reporting requirements of the 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 includes $822,733 received from HHS between January 1, 2021 through December 31, 2021. In accordance with guidance from HHS, $822,733 is presented as Period 3 and Period 4. Such amounts were recognized as Provider Relief Funds in the 2021 statement of operations and change in net assets.A total of $1,391,568 was received from HHS between April 10, 2020 through December 16, 2020. In accordance with guidance from HHS, $1,391,568 was presented as Period 1 and Period 2. Such amounts were recognized as Provider Relief Funds in the 2020 statement of operations and change in net assets.