Notes to SEFA
Title: Subrecipients
Accounting Policies: Expenditures on the Schedule are reported in accordance with regulatory requirements issued by Health Resources and Service Administration (HRSA). These awards related to the Provider Relief Fund(PRF) and American Rescue Plan (ARP) Rural Distribution program funded by the US Department of Health and Human Services (HHS). 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 (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 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 $752,949 received from HHS between July 28, 2020 through December 29, 2020. In accordance with guidance from HHS, these amounts are presented as Period 2. Program funding was provided to cover certain allowable healthcare expenditures, as well as declines in revenue experienced by CPG in its healthcare related operations as a result of the COVID-19 pandemic. Program funds were recognized as revenue in CPGs reviewed financial statements during the year ended June 30, 2021, and were supported as follows: Allowable healthcare expenditures $ 80,347 Declines in healthcare related revenue 672,602 Total Program Funding $ 752,949 Generally accepted accounting principles (GAAP) may differ from the guidance provided by HRSA used in preparing the Schedule. GAAP require that revenue be recognized when services are performed, rather than recognized following the requirements dictated by HRSA.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During year ended June 30, 2022, CPG had no sub-recipients.
Title: NONCASH ASSISTANCE AND OTHER
Accounting Policies: Expenditures on the Schedule are reported in accordance with regulatory requirements issued by Health Resources and Service Administration (HRSA). These awards related to the Provider Relief Fund(PRF) and American Rescue Plan (ARP) Rural Distribution program funded by the US Department of Health and Human Services (HHS). 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 (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 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 $752,949 received from HHS between July 28, 2020 through December 29, 2020. In accordance with guidance from HHS, these amounts are presented as Period 2. Program funding was provided to cover certain allowable healthcare expenditures, as well as declines in revenue experienced by CPG in its healthcare related operations as a result of the COVID-19 pandemic. Program funds were recognized as revenue in CPGs reviewed financial statements during the year ended June 30, 2021, and were supported as follows: Allowable healthcare expenditures $ 80,347 Declines in healthcare related revenue 672,602 Total Program Funding $ 752,949 Generally accepted accounting principles (GAAP) may differ from the guidance provided by HRSA used in preparing the Schedule. GAAP require that revenue be recognized when services are performed, rather than recognized following the requirements dictated by HRSA.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
CPG did not receive any non cash assistance, federal loans, or federally funded insurance during the year ended June 30, 2022.