Title: NOTE A – BASIS OF PRESENTATION
Accounting Policies: Allowable Costs: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Not-for-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Company is not required to allocate indirect costs.
Estimates: The preparation of the schedule in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount in Provider Relief Funds during the reporting period. Actual results could differ from those estimates.
Subsequent Events: The schedule and related disclosures include evaluation of events through September 30, 2024, which is the date the schedule was available to be issued.
De Minimis Rate Used: N
Rate Explanation: Not applicable
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Roman Eagle Rehabilitation and health Care Center, Inc. (the Company), and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedule presents only a selected portion of the operations of the Company, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Company.
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Allowable Costs: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Not-for-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Company is not required to allocate indirect costs.
Estimates: The preparation of the schedule in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount in Provider Relief Funds during the reporting period. Actual results could differ from those estimates.
Subsequent Events: The schedule and related disclosures include evaluation of events through September 30, 2024, which is the date the schedule was available to be issued.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Allowable Costs: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Not-for-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Company is not required to allocate indirect costs.
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Allowable Costs: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Not-for-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Company is not required to allocate indirect costs.
Estimates: The preparation of the schedule in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount in Provider Relief Funds during the reporting period. Actual results could differ from those estimates.
Subsequent Events: The schedule and related disclosures include evaluation of events through September 30, 2024, which is the date the schedule was available to be issued.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Estimates: The preparation of the schedule in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount in Provider Relief Funds during the reporting period. Actual results could differ from those estimates.
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Allowable Costs: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Not-for-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Company is not required to allocate indirect costs.
Estimates: The preparation of the schedule in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount in Provider Relief Funds during the reporting period. Actual results could differ from those estimates.
Subsequent Events: The schedule and related disclosures include evaluation of events through September 30, 2024, which is the date the schedule was available to be issued.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Subsequent Events: The schedule and related disclosures include evaluation of events through September 30, 2024, which is the date the schedule was available to be issued.
Title: NOTE C – PROVIDER RELIEF PROGRAMS
Accounting Policies: Allowable Costs: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Not-for-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Company is not required to allocate indirect costs.
Estimates: The preparation of the schedule in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount in Provider Relief Funds during the reporting period. Actual results could differ from those estimates.
Subsequent Events: The schedule and related disclosures include evaluation of events through September 30, 2024, which is the date the schedule was available to be issued.
De Minimis Rate Used: N
Rate Explanation: Not applicable
For the HHS awards related to the Provider Relief Fund 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 HRSA PRF Reporting Portal. Payments from HHS for PRF are assigned to ‘Payment Received Periods’ 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 includes $1,282,413 received from HHS between January 1, 2022 through June 30, 2022. In accordance with guidance from HHS, this amount represents period 5. Such amounts were recognized as Provider Relief Fund revenue in the Company’s financial statements in the year ended December 31, 2022. Due to the PRF Reporting requirements, these amounts may not be the total PRF received and/or recognized as Provider Relief Funds in the year presented in the schedule.