Notes to SEFA
Title: Note 3 Other Matters
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: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Amount of Noncash Assistance: None
Amount of Insurance: None
Amount of Loans: None
Amount of Loan Guarantees: None
Title: Note 4 Financial Statement Revenue
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: Y
Rate Explanation: The Organization has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The financial statements reflect revenue recognized from the Provider Relief Fund (PRF) of $247,063 and $22,460 for the years ended December 31, 2023 and 2022, respectively. PRF reported on the SEFA for the year ended December 31, 2023 is $269,523 in accordance with the requirements of the compliance supplement for assistance listing number 93.498.