Notes to SEFA
Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards of Middlesex County Improvement Authority (the Authority). The Authority is defined in Note 1 to the Authoritys basic financial statements. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies is included on the schedule of expenditures of federal awards. The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 2 CFR 200-Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented, or used in the preparation of, the basic financial statements. The Authority did not elect to utilize the 10-percent de minimis indirect cost rate under the Uniform Guidance and has not charged any indirect costs to its funded programs.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
For the awards from the Department of Health and Human Services (HHS) related to the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) program, HHS has indicated that the amount on the Schedule of Expenditures of Federal Awards should be reported in accordance with the reporting requirements of the Health Resources and Service Administration (HRSA) PRF Reporting Portal. Payments from HHS for PRF are assigned to Payment Received Periods (each, a Period) 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 receiving PRF are required to report in the HRSA PRF Reporting Portal after each Periods deadline (i.e., after the end of the Period of Availability).The Schedule of Expenditures of Federal Awards includes all Period 3 PRF payments received between January 1, 2021 and June 30, 2021 and all Period 4 PRF payments received between July 1, 2021 and December 31, 2021 reported by the Authority to HRSA in the PRF Reporting Portal totaling $1,377,339. The Authority recognized PRF revenue for the years ended December 31, 2022 and 2021 of $-0- and $2,895,757, respectively, in the financial statement line item Provider Relief Funds COVID-19 Federal Grant in the accompanying Statements of Revenue, Expenses and Changes in Net Position.
Title: Personal Protective Equipment (PPE) (Unaudited)
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards of Middlesex County Improvement Authority (the Authority). The Authority is defined in Note 1 to the Authoritys basic financial statements. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies is included on the schedule of expenditures of federal awards. The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of 2 CFR 200-Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented, or used in the preparation of, the basic financial statements. The Authority did not elect to utilize the 10-percent de minimis indirect cost rate under the Uniform Guidance and has not charged any indirect costs to its funded programs.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Authority did not receive donated PPE from a federal source during the year ended December 31, 2022.