Notes to SEFA
Title: 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. Negative amounts, if any, are shown on the Schedule and represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization utilized a provisional indirect cost rate of 17.30% for the period of July 1, 2022 through June 30, 2023.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Tapestry Health Systems, Inc. under programs of the federal government for the year ended June 30, 2023. 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 Tapestry Health Systems, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Tapestry Health Systems, Inc.
Title: Pass-through state agencies
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. Negative amounts, if any, are shown on the Schedule and represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization utilized a provisional indirect cost rate of 17.30% for the period of July 1, 2022 through June 30, 2023.
Expenditures of federal awards for funds passed through state agencies are based on information provided by the Commonwealth of Massachusetts Operational Services Division.
Title: Federal non-cash assistance
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. Negative amounts, if any, are shown on the Schedule and represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Organization utilized a provisional indirect cost rate of 17.30% for the period of July 1, 2022 through June 30, 2023.
The Organization received federal noncash assistance in the form of Women/Infants/Children (Federal Assistance Number 10.557) program vouchers totaling $3,364,359 for the year ended June 30, 2023.