Title: (a) Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of LifeBridge Health, Inc. and Subsidiaries (the Corporation), and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Regulations, Part 200 (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation, of the basic consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Corporation has elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of LifeBridge Health, Inc. and Subsidiaries (the Corporation), and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Regulations, Part 200 (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation, of the basic consolidated financial statements.
Title: (b) Expenditures
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of LifeBridge Health, Inc. and Subsidiaries (the Corporation), and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Regulations, Part 200 (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation, of the basic consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Corporation has elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
Expenditures of federal awards are determined using the requirements as set forth in the Uniform Guidance. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement.
Title: (c) Indirect Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of LifeBridge Health, Inc. and Subsidiaries (the Corporation), and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Regulations, Part 200 (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation, of the basic consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Corporation has elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The Corporation has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: (d) COVID-19 Funding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of LifeBridge Health, Inc. and Subsidiaries (the Corporation), and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Regulations, Part 200 (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation, of the basic consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Corporation has elected to use the 10% de minimis indirect cost rate allowed under the Uniform
Guidance.
The amounts included on the SEFA include the Provider Relief Funds (PRF) payments received by the Corporation from July 1, 2021 through June 30, 2022. The Corporation included eligible expenses and lost revenues that were incurred during the respective periods of availability, of which the last period
ended June 30, 2023.
Additionally, the amounts included on the SEFA include FEMA payments obligated to the Corporation during the year ended June 30, 2023. The Corporation included eligible expenses that were incurred by the Corporation during the year ended June 30, 2023 and in prior periods.