Notes to SEFA
Title: NOTE A 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 auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Organization under programs of the federal government for the year ended March 31, 2022. The information in this 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 (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.
Title: NOTE D INSURANCE COVERAGE
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 auditee did not use the de minimis cost rate.
The Organization maintains insurance coverage as recommended by its insurance agent of record.
Title: NOTE E SUB-RECIPIENTS
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 auditee did not use the de minimis cost rate.
The Organization did not pass any awards through to sub-recipients for the year ended March 31, 2022.
Title: NOTE F AWARDS THROUGH THE PROVIDER RELIEF
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 auditee did not use the de minimis cost rate.
The Organization received approximately $2.2M in funds under the Provider Relief Program (PRF) during 2020 and 2021, $2M of the funds were fully recognized based on lost revenues during the year ended March 31, 2021. The remaining funds were recognized during the year ended March 31, 2022. The Health Resources and Services Administration (HRSA) has established a special reporting system to track this federal program. HRSA requires that expenditures and lost revenues be reported on the Schedule of Expenditures in the same reporting period they are reported through the PRF portal. As a result, the Organization has reported $2M in funds on the Schedule of Expenditures of Federal Awards for the year ended March 31, 2022 which were recognized in the financial statements for the year ending March 31, 2021. The remaining funds recognized in the March 31, 2022 financial statements will be reported on the Schedule of Expenditures of Federal Awards for the year ending March 31, 2023.