Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: The accounting policies of Trinity Health Of New England Corporation, Inc. conform to accounting principles generally accepted in the United States of America as applicable for not-for-profit organizations. The information in the Schedule of Expenditures of Federal Awards is presented based upon regulations established by the Federal Office of Management and Budget. The expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Certain grants are not dependent on expenditure activity, and accordingly, are considered to be expended in the fiscal year of receipt. These grant program receipts are reflected in the expenditures column of the Schedule of Expenditures of Federal Awards.The Corporation did not have any loan program activity for the year ended September 30, 2023.The Corporation did not provide any federal awards to sub-recipients for the year ended September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance. all rates used by the Corporation were approved by the awarding grant agencies.
The accounting policies of Trinity Health Of New England Corporation, Inc. conform to accounting principles generally accepted in the United States of America as applicable to not-for-profit organizations.
The information in the Schedule of Expenditures of Federal Awards is presented based upon regulations established by the Federal Office of Management and Budget.
Basis of Accounting—The expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Certain grants are not dependent on expenditure activity, and accordingly, are considered to be expended in the fiscal year of receipt. These grant program receipts are reflected in the expenditures’ column of the Schedule of Expenditures of Federal Awards.
Indirect Costs – The Corporation does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance. All rates used by the Corporation were approved by the awarding grant agencies.
Title: LOAN PROGRAMS
Accounting Policies: The accounting policies of Trinity Health Of New England Corporation, Inc. conform to accounting principles generally accepted in the United States of America as applicable for not-for-profit organizations. The information in the Schedule of Expenditures of Federal Awards is presented based upon regulations established by the Federal Office of Management and Budget. The expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Certain grants are not dependent on expenditure activity, and accordingly, are considered to be expended in the fiscal year of receipt. These grant program receipts are reflected in the expenditures column of the Schedule of Expenditures of Federal Awards.The Corporation did not have any loan program activity for the year ended September 30, 2023.The Corporation did not provide any federal awards to sub-recipients for the year ended September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance. all rates used by the Corporation were approved by the awarding grant agencies.
The Corporation did not have any loan program activity for the year ended September 30, 2023.
Title: SUBRECIPIENTS
Accounting Policies: The accounting policies of Trinity Health Of New England Corporation, Inc. conform to accounting principles generally accepted in the United States of America as applicable for not-for-profit organizations. The information in the Schedule of Expenditures of Federal Awards is presented based upon regulations established by the Federal Office of Management and Budget. The expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Certain grants are not dependent on expenditure activity, and accordingly, are considered to be expended in the fiscal year of receipt. These grant program receipts are reflected in the expenditures column of the Schedule of Expenditures of Federal Awards.The Corporation did not have any loan program activity for the year ended September 30, 2023.The Corporation did not provide any federal awards to sub-recipients for the year ended September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance. all rates used by the Corporation were approved by the awarding grant agencies.
The Corporation did not provide any federal awards to
sub-recipients for the year ended September 30, 2023.
Title: PROVIDER RELIEF FUNDS
Accounting Policies: The accounting policies of Trinity Health Of New England Corporation, Inc. conform to accounting principles generally accepted in the United States of America as applicable for not-for-profit organizations. The information in the Schedule of Expenditures of Federal Awards is presented based upon regulations established by the Federal Office of Management and Budget. The expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Certain grants are not dependent on expenditure activity, and accordingly, are considered to be expended in the fiscal year of receipt. These grant program receipts are reflected in the expenditures column of the Schedule of Expenditures of Federal Awards.The Corporation did not have any loan program activity for the year ended September 30, 2023.The Corporation did not provide any federal awards to sub-recipients for the year ended September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance. all rates used by the Corporation were approved by the awarding grant agencies.
The Provider Relief Funds included in the Schedule were received by the following entities (legal name and tax
identification number):