Notes to SEFA
Title: COVID-19 Provider Relief Fund and American Rescue Plan Rural Distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Prisma Health and Subsidiaries under programs of the federal government for the year ended September 30, 2022 and is presented using the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: Prisma Health and Subsidiaries has elected to not use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Schedule includes $101,746,319 received from the U.S. Department of Health and Human Services (HHS) between July 1, 2020 and June 30, 2021 under the Provider Relief Fund (PRF) program of Assistance Listing No. 93.498. In accordance with guidance from HHS, these amounts are presented as Period 2 and Period 3 in the HHS PRF Reporting Portal. This amount was recognized as Other Revenue in the Prisma Health and Subsidiaries consolidated financial statements in the accompanying consolidated statements of operations during the years ended September 30, 2021 and 2020. Due to the PRF Reporting Portal requirements, this amount is not the total PRF received and/or recognized by Prisma Health and Subsidiaries as other revenue in the consolidated financial statements for the years ended September 30, 2021 and 2020.The amount presented on the Schedule for PRF is for the fiscal year ending September 30, 2022. The amount presented reconciles to the PRF information reported to HHS as follows: "see the Notes to the SEFA for chart/table".