Notes to SEFA
Title: Non-Cash Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the Federal award activity of SCO Family of Services (“SCOFS”) 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 SCOFS, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of SCOFS. Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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.
De Minimis Rate Used: N
Rate Explanation: SCOFS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
For the year ended June 30, 2023, SCOFS distributed $34,662 of food commodities and $51,341 of vaccines. These amounts have been included in the Schedule under Federal Assistance Listing numbers 10.569 and 93.268, respectively.
Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the Federal award activity of SCO Family of Services (“SCOFS”) 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 SCOFS, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of SCOFS. Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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.
De Minimis Rate Used: N
Rate Explanation: SCOFS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
For the awards from the Department of Health and Human Services (“HHS”) related to the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (“PRF”) program, HHS has indicated that the amounts on the Schedule should be reported in accordance with the reporting requirements of the Health Resources and Service Administration (“HRSA”) PRF Reporting Portal. Payments from HHS for PRF are assigned to 'Payment Received Periods' (each, a Period) based upon the date each payment from the PRF was received. Each Period has a specified Period of Availability and timing of reporting requirements. Entities receiving PRF are required to report in the HRSA PRF Reporting Portal after each Period's deadline (i.e., after the end of the Period of Availability).
The Schedule includes all Period 4 PRF payments received between July 1, 2021 and December 31, 2021 reported by SCOFS to HRSA in the PRF Reporting Portal totaling $154,534. SCOFS recognized PRF revenue for the year ended June 30, 2022 of $154,534 in the financial statement line item Other Income in the accompanying 2022 consolidated statement of activities.