Title: Note 1 Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not apply indirect costs to the program.
The accompanying schedule of expenditures of federal awards (the Schedule or SEFA) includes the
federal award activity of the District under programs of the federal government for the year
ended March 31, 2023. The information in the 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 the District, it is not
intended to and does not present the net
position, changes in net position, or cash flows of the District.
Title: Note 2 Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not apply indirect costs to the program.
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
Title: Note 3 Sub-Recipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not apply indirect costs to the program.
There were no payments to sub-recipients for the fiscal year ended March 31, 2023.
Title: Note 4 Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not apply indirect costs to the program.
The District did not apply indirect costs to the program.
Title: Note 5 Reconciliation of Provider Relief Fund Revenue Recognized in the Financial
Statements to Federal Awards Expended on the Schedule
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The District did not apply indirect costs to the program.
The U.S. Department of Health and Human Services (HHS) began providing COVID-19
related funding under Assistance Listing Number 93.498. The funds are to be utilized to
offset eligible COVID-19 expenditures and lost revenues related to COVID-19 as defined
in the program regulations. The District recognized amounts received as the program
requirements were met as shown in the table below. The amounts received and expended
are reported in the SEFA according to HHS periods of availability (also known as the
"period of performance"). Amounts recognized in the statement of revenues, expenses,
and changes in net position in future years will be reported in a future schedule as
determined by the OMB.
Amount
Recognized
as Revenue in
Total Funding
the Statements
of Revenues,
Expenses, and
Changes
Amount
Recognized
as Deferred
Amount
Reported as
Federal
Expenditure
Reporting Period Received in Net Position Revenue on SEFA
FYE March 31, 2021 $ 25,218,611 $ 14,306,491 $ 10,912,120 $ -
FYE March 31, 2022 $ 2,671,629 $ 13,583,749 $ - $ 25,218,611
FYE March 31, 2023 $ 8,885,701 $ - $ 8,885,701 $ 2,671,629