Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting. The asterisk (*) to the right of an assistance listing number identifies the grant as a major federal program as defined by OMB Uniform Guidance. The amounts shown as current year expenditures represent only the federal portion of the program costs. Actual program costs may be more than shown. The Center as elected to not use the 10% indirect overhead reimbursement rate. The financial statements reflect revenue recognized from the Provider Relief Fund of $-0- and $459,616 for the years ended December 31, 2022 and 2021, respectively. The SEFA includes Provider Relief Funds payments of $459,616 that were received in Period 3 and Period 4 in accordance with the requirements of the compliance supplement for the Federal Assistance Listing number 93.498.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.