Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal, state, county and city awards ("SEFA") presents the activities in all the federal, state, county and city awards programs of Action Wellness. All financial assistance received directly from federal, state, county or city agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule. The information in this schedule is presented in accordance with the requirements of the 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 Action Wellness, it is not intended to and does not present the financial position, changes in net assets or cash flows of Action Wellness.
Action Wellness reported Provider Relief Fund ("PRF") expenditures of $166,013 on the SEFA for the fiscal year ended June 30, 2023. In accordance with the guidance in the 2023 Compliance Supplement, the correlating expenditures on the SEFA should reflect the amounts reported in the PRF Reporting Portal (the "Portal") for the submission date that falls within the fiscal year ended June 30, 2023. The $166,013 of expenditures reported on the SEFA consisted of $83,008 which were reported in the statement of activities for the year ended June 30, 2023 and $83,005 which were reported in the statement of activities for the year ended June 30, 2022.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
The SEFA is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding sources on either a cash or modified accrual basis of accounting.
Title: RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal, state, county and city awards ("SEFA") presents the activities in all the federal, state, county and city awards programs of Action Wellness. All financial assistance received directly from federal, state, county or city agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule. The information in this schedule is presented in accordance with the requirements of the 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 Action Wellness, it is not intended to and does not present the financial position, changes in net assets or cash flows of Action Wellness.
Action Wellness reported Provider Relief Fund ("PRF") expenditures of $166,013 on the SEFA for the fiscal year ended June 30, 2023. In accordance with the guidance in the 2023 Compliance Supplement, the correlating expenditures on the SEFA should reflect the amounts reported in the PRF Reporting Portal (the "Portal") for the submission date that falls within the fiscal year ended June 30, 2023. The $166,013 of expenditures reported on the SEFA consisted of $83,008 which were reported in the statement of activities for the year ended June 30, 2023 and $83,005 which were reported in the statement of activities for the year ended June 30, 2022.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
Federal, state, county and city awards expenditures are reported on the statements of activities and functional expenses. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the SEFA, because program expenditures exceeding grant or contract budget limitations are not reflected on the schedule of expenditures of federal, state, county and city awards.
Title: LOANS PAYABLE
Accounting Policies: The accompanying schedule of expenditures of federal, state, county and city awards ("SEFA") presents the activities in all the federal, state, county and city awards programs of Action Wellness. All financial assistance received directly from federal, state, county or city agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, are included on the schedule. The information in this schedule is presented in accordance with the requirements of the 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 Action Wellness, it is not intended to and does not present the financial position, changes in net assets or cash flows of Action Wellness.
Action Wellness reported Provider Relief Fund ("PRF") expenditures of $166,013 on the SEFA for the fiscal year ended June 30, 2023. In accordance with the guidance in the 2023 Compliance Supplement, the correlating expenditures on the SEFA should reflect the amounts reported in the PRF Reporting Portal (the "Portal") for the submission date that falls within the fiscal year ended June 30, 2023. The $166,013 of expenditures reported on the SEFA consisted of $83,008 which were reported in the statement of activities for the year ended June 30, 2023 and $83,005 which were reported in the statement of activities for the year ended June 30, 2022.
De Minimis Rate Used: N
Rate Explanation: Action Wellness has not elected to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
Loans payable on the SEFA are reported at their balances as of the beginning of the year. There were no additional borrowings during the year ended June 30, 2023. Loan balances as of the end of the year are as follows: RDA-HOPWA LOAN- 471,213 RDA-SHP LOAN- 244,750 TOTAL 715,963