Notes to SEFA
Title: Financial Statement Revenue
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of Esperanza Health Centers under programs of the federal government for the year ended June 30, 2022. The information in this SEFA is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). As the SEFA presents only a selected portion of the operations of Esperanza Health Centers, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Esperanza Health Centers.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The consolidated financial statements reflect revenue recognized from the Provider Relief Fund (PRF) of $-0- and $222,746 for the years ended June 30, 2022 and 2021, respectively. The SEFA includes $222,746 from the PRF which was received in PRF reporting periods 2 and 3 in accordance with the requirements of the compliance supplement for assistance listing number 93.498.