Notes to SEFA
Title: Note 4 – Provider Relief Funds
Accounting Policies: Note 1 – Basis of Presentation - The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Mosaic and Affiliates (Mosaic) under programs of the federal government for the year ended June 30, 2023. The information 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 Mosaic, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Mosaic.
Note 2 – Significant 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass‐through entity identifying numbers are presented when available. No federal financial assistance has been provided to a subrecipient. The schedule includes the federal financial assistance associated with the tax identification numbers of Mosaic and Mosaic Senior Services.
De Minimis Rate Used: N
Rate Explanation: Mosaic has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance.
Mosaic received amounts from the U.S. Department of Health and Human Services (HHS) through the Provider Relief Fund (PRF) program (Federal Financial Assistance Listing/CFDA #93.498) during the calendar year ended December 31, 2020. Mosaic incurred eligible expenditures and lost revenue and, therefore, recognized revenue in the financial statements totaling $846,272 for the year ended June 30, 2023 and $5,509,379 in previous periods. In accordance with the compliance supplement addendum, the PRF expenditures recognized on the
schedule are based on the reporting to HHS for the period ending June 30, 2023, as required under the PRF program.
The amount of PRF expenditures included on the schedule requires management to make estimates and assumptions that affect the reported amounts. Accordingly, such expenditures are considered a significant estimate. Estimates and assumptions may include reducing actual expenses by amounts that have been reimbursed or are obligated to be reimbursed by other sources. Actual results could differ from those estimates.