Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Presbyterian Homes and Affiliates (the Organization) under programs of the federal government for the year ended March 31, 2022. The information in the 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures does not apply the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards but rather applies the U.S. Department of Health and Human Services (HHS) guidance on ALN 93.498, Provider Relief Fund (PRF), and frequently asked questions as outlined in the Compliance Supplement. For the Provider Relief Fund (PRF) program, HHS has indicated these amounts on the Schedule should be reported in correspondence with reporting requirements of HHS PRF Reporting Portal. Payments from HHS for PRF are assigned to one of five payment received periods based upon the date of each payment from PRF was received. Each period has a specified period of availability and timing of reporting requirements. The pass through entity identifying numbers are presented where available. The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.