Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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: The Corporation has not elected to use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the PHI (d.b.a. Presbyterian Senior Living) and affiliates (the Corporation) under programs of the federal government for the year ended December 31, 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 the Corporation, it is not intended to and does not present the financial position, changes in net position or cash flows of the Corporation.
The schedule includes expenditures of the U.S. Department of Health and Human Services (HHS) Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution program (PRF) of the Corporation for the periods of availability which ended in the year December 31, 2023.
Title: Provider Relief Funding and American Rescue Plan (ARP) Rural Distribution - Assistance Listing Number 93.498
Accounting Policies: 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: The Corporation has not elected to use the 10% de minimis indirect cost rate.
For the U.S. Department of Health and Human Services (HHS) awards related to the Provider Relief Funding and American Rescue Plan (ARP) Rural Distribution (PRF) program, HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirements of the Health Resources and Services 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 report into the HRSA PRF Reporting Portal after each Period's deadline to use the funds (i.e., after the end of the Period of Availability).
The Schedule for the year ended December 31, 2023 includes expenditures included in the Period 5 PRF Report submitted for the Corporation. The Period 5 PRF Report includes payments received for the period January 1, 2022 to June 30, 2022. The deadline to use these funds was June 30, 2023. The Schedule includes funding received by The Long Community (Tax Identification Number: 94-3446933).
Title: Disaster Grants, Public Assistance (Presidentially Declared Disasters) - Assistance Listing Number 97.036
Accounting Policies: 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: The Corporation has not elected to use the 10% de minimis indirect cost rate.
The Federal Emergency Management Agency (FEMA) requires that FEMA has approved a project and that there have been eligible expenditures incurred for the approved project prior to reporting this program on the Schedule. Due to FEMA's guidance, $29,790 of the expenditures reported on the SEFA were incurred prior to 2023, however the projects were not approved by FEMA until 2023.