Notes to SEFA
Title: GENERAL INFORMATION
Accounting Policies: The SEFA is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
activities in all the federal, state, county and city awards programs of Action Wellness. All financial assistance received directly from federal, state, county or city agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule. The information in this schedule is presented in accordance with the requirements of the 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 Action Wellness, it is not intended to and does not present the financial position, changes in net assets or cash flows of Action Wellness. Action Wellness reported Provider Relief Fund ("PRF") expenditures of $166,013 on the SEFA for the fiscal year ended June 30, 2023. In accordance with the guidance in the 2023 Compliance Supplement, the correlating expenditures on the SEFA should reflect the amounts reported in the PRF Reporting Portal (the "Portal") for the submission date that falls within the fiscal year ended June 30, 2023. The $166,013 of expenditures reported on the SEFA consisted of $83,008 which were reported in the statement of activities for the year ended June 30, 2023 and $83,005 which were reported in the statement of activities for the year ended June 30, 2022.
Title: RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: The SEFA is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
expenses. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the SEFA, because program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of expenditures of federal, state, county and city awards.
Title: LOANS PAYABLE
Accounting Policies: The SEFA is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
additional borrowings during the year ended June 30, 2023. The following table presents the balances of loans payable at the end of the year: RDA-HOPWA Loan $471,213 RDA-SHP Loan 244,750 Total $715,963