Notes to SEFA
Accounting Policies: Basis of Presentation:The accompanying schedule of expenditures of federal awards includes the federal award activity of Evergreen Presbyterian Ministries, Inc. and is presented on the accrual basis of accounting. 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. For the U.S. Department of Health and Human Services (HHS) awards related to the Provider Relief Fund (PRF), HHS has indicated that amounts on the schedule be reported corresponding to reporting requirements of the 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 Periods deadline to use the funds (i.e., after the end of the Period of Availability).The schedule includes $1,445,052 received from HHS between July 1 and December 31, 2020, inclusive. In accordance with guidance from HHS, these amounts are presented as Period 2 availability, and are included in the current years Schedule of Expenditures of Federal Awards. Such amounts were recognized as revenue in Evergreen Presbyterian Ministries consolidated financial statements in the year ended June 30, 2021, and as expenses in the years ended June 30, 2020 or 2021. Evergreen Presbyterian Ministries, Inc. did not pass through any of its federal awards to a subrecipient during the fiscal year, nor did it expend any federal awards in the form of noncash assistance. It elected to not use the 10% de minimis cost rate for indirect costs.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.