Notes to SEFA
Title: Subrecipients, Insurance, and Loans
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Stepping Stones, Inc. and is presented on 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, Stepping Stones, Inc. did not provide any federal awards to subrecipients. Stepping Stones, Inc. did not have any federal insurance in effect during the fiscal year and did not have any federal loans or loan guarantees outstanding at year end.
Title: Provider Relief Fund
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Stepping Stones, Inc. and is presented on 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
For the HHS awards related to the Provider Relief Fund, HHS has indicated the amounts on the schedule be reported corresponding to reporting requirements of the HRSA PRF Reporting Portal. Payments from HHS for PRF are assigned to Payment Received Periods based upon the date each payment from the PRF was received. Each Period has a specified Period of Availability and timing of reporting requirements. Entities report into the HRSA PRF Reporting Portal after each Periods deadline to use the funds (i.e., after the end of the Period of Availability).The schedule includes $55,980 received from HHS between July 1, 2020 through December 31,2020 and $175,049 received from HHS between January 1, 2021 and June 30, 2021. In accordance with guidance from HHS, these amounts are presented as Period 2 and Period 3. Such amounts were recognized as Revenue and Other Support - Provider Relief Funds in the Organizations financial statements as shown in the schedule in the year ended June 30, 2021.