Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal Awards (Schedule), which is prepared on the accrual basis of accounting, presents the activity of all federal award programs of Eisner. For the purpose of this Schedule, financial awards include federal awards received directly from a federal agency and federal funds received indirectly by Eisner from a nonfederal agency or other organization. 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. Program expenditures in excess of the maximum reimbursement authorized or the portion of the program expenditures that were funded with other state, local or other nonfederal funds are excluded from the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: Eisner has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Eisner Health (Eisner) 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 Eisner, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Eisner.
Title: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The Schedule of Expenditures of Federal Awards (Schedule), which is prepared on the accrual basis of accounting, presents the activity of all federal award programs of Eisner. For the purpose of this Schedule, financial awards include federal awards received directly from a federal agency and federal funds received indirectly by Eisner from a nonfederal agency or other organization. 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. Program expenditures in excess of the maximum reimbursement authorized or the portion of the program expenditures that were funded with other state, local or other nonfederal funds are excluded from the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: Eisner has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule, which is prepared on the accrual basis of accounting, presents the activity of all federal award programs of Eisner. For the purpose of this Schedule, financial awards include federal awards received directly from a federal agency and federal funds received indirectly by Eisner from a nonfederal agency or other organization. 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. Program expenditures in excess of the maximum reimbursement authorized or the portion of the program expenditures that were funded with other state, local or other nonfederal funds are excluded from the accompanying Schedule.
Eisner has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 3 SUBRECIPIENTS
Accounting Policies: The Schedule of Expenditures of Federal Awards (Schedule), which is prepared on the accrual basis of accounting, presents the activity of all federal award programs of Eisner. For the purpose of this Schedule, financial awards include federal awards received directly from a federal agency and federal funds received indirectly by Eisner from a nonfederal agency or other organization. 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. Program expenditures in excess of the maximum reimbursement authorized or the portion of the program expenditures that were funded with other state, local or other nonfederal funds are excluded from the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: Eisner has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Eisner provided no federal awards to subrecipients for the year ended June 30, 2023.
Title: NOTE 4 RELATIONSHIPS OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO THE FINANCIAL STATEMENTS
Accounting Policies: The Schedule of Expenditures of Federal Awards (Schedule), which is prepared on the accrual basis of accounting, presents the activity of all federal award programs of Eisner. For the purpose of this Schedule, financial awards include federal awards received directly from a federal agency and federal funds received indirectly by Eisner from a nonfederal agency or other organization. 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. Program expenditures in excess of the maximum reimbursement authorized or the portion of the program expenditures that were funded with other state, local or other nonfederal funds are excluded from the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: Eisner has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Consistent with management’s policy, federal awards are recorded in the same account categories as grants from other sources, which are reported as government grants in Eisner’s financial statements. As a result, the amount of total federal awards expended on the Schedule does not agree to total government grants revenue on the Statement of Activities as presented in Eisner’s financial statements as of and for the year ended June 30, 2023.