Title: Federal Assistance Not Included in the SEFA (Unaudited)
Accounting Policies: General
The accompanying schedule of expenditures of federal awards (SEFA) presents the activity of all federal financial assistance programs of Norton Sound Health Corporation (NSHC). The information in the SEFA 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). Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through other entities is included on the SEFA. NSHC’s reporting entity is defined in Note 1 of the entity’s financial statements.
Basis of Accounting
Expenditures reported on the accompanying SEFA are presented using the accrual basis of accounting, which is described in Note 1 of NSHC’s financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, or other applicable regulation, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the SEFA represent adjustments or credits made in the normal course of business to amounts reported as expenditures and awards in prior years. NSHC has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NSHC has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Total expenditures of federal awards, as presented in the SEFA, excludes donated personal protective equipment (PPE), from federal assistance passed through other agencies, in the amount of $5,860. This presentation is in accordance with guidance provided by the Federal government on how to report this type of federal assistance.
Title: Expenditure Reporting for Assistance Listing Number (ALN) 97.036
Accounting Policies: General
The accompanying schedule of expenditures of federal awards (SEFA) presents the activity of all federal financial assistance programs of Norton Sound Health Corporation (NSHC). The information in the SEFA 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). Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through other entities is included on the SEFA. NSHC’s reporting entity is defined in Note 1 of the entity’s financial statements.
Basis of Accounting
Expenditures reported on the accompanying SEFA are presented using the accrual basis of accounting, which is described in Note 1 of NSHC’s financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, or other applicable regulation, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the SEFA represent adjustments or credits made in the normal course of business to amounts reported as expenditures and awards in prior years. NSHC has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NSHC has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
ALN 97.036, grant 4533-PW0229, Damage #1214187 Project #664096 costs were incurred from 7/29/2020 – 9/22/2020.
Title: Reconciliation to Financial Statements
Accounting Policies: General
The accompanying schedule of expenditures of federal awards (SEFA) presents the activity of all federal financial assistance programs of Norton Sound Health Corporation (NSHC). The information in the SEFA 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). Federal financial assistance received directly from federal agencies as well as federal financial assistance passed through other entities is included on the SEFA. NSHC’s reporting entity is defined in Note 1 of the entity’s financial statements.
Basis of Accounting
Expenditures reported on the accompanying SEFA are presented using the accrual basis of accounting, which is described in Note 1 of NSHC’s financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, or other applicable regulation, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the SEFA represent adjustments or credits made in the normal course of business to amounts reported as expenditures and awards in prior years. NSHC has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NSHC has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The following is a reconciliation of revenues reported in NSHC’s financial statements to federal expenditures reported in the SEFA.
Grant and contract revenue reported in the statement of activities:
Indian Health Service Compact:
Patient service revenue $ 63,964,238
Tribal shares 2,170,790
Other 56,819,752
Grant and contract revenue 12,059,591
Construction grant revenue 3,123,850
Total grant and contract revenue reported 138,138,221
Less: State of Alaska grant expenditures (1,459,928)
Less: Local and other grants and contracts (19,836)
Federal share of expenditures as reported in the SEFA $ 136,658,457