Notes to SEFA
Title: Medicaid Funding
Accounting Policies: Expenditures reported on the Schedule are reported on the regulatory 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 auditee did not use the de minimis cost rate.
During the year ended June 31, 2022, the Cooperative received Medicaid funding of $122,751 from the Arkansas Department of Human Services. Such payments are notconsidered Federal Awards expended and therefore, are not included in the above schedule.