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 Institute has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Parker Jewish Institute for Health Care and Rehabilitation (the “Institute”) 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 Institute, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Institute.
Title: Personal Protective Equipment ("PPE") (Unaudited)
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 Institute has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Institute did not receive donated PPE from a federal source during the year ended December 31, 2023.
Title: Other Matter
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 Institute has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
In accordance with the 2023 OMB Compliance Supplement, eligible expenditures under Federal Assistance Listing Number 97.036 incurred by the Institute during the year ended December 31, 2023, and approved for payment by FEMA during the year ended December 31, 2023, should be included on the Institute’s 2023 Schedule of Expenditures of Federal Awards.
Accordingly, total U.S. Department of Homeland Security federal expenditures for the year ended December 31, 2023 include $4,632,087 of eligible expenditures incurred during the year ended December 31, 2023.
A reconciliation of the year ended December 31, 2023 Institute’s consolidated financial statements to the Schedule follows: Total Disaster Grant revenue reported in the Consolidated Financial statements for the year ended December 31, 2023: $1,231,282. Add: Disaster Grant expenditures incurred for which obligations for government reimbursement were recorded as a receivable at December 31, 2022: $3,461,471. Less: Disaster Grant expenditures included as revenue for the year ended December 31, 2023 which were included in the 2022 SEFA $(60,666). Disaster Grant amounts presented in the Schedule of Expenditures of Federal Awards: $4,632,087.