Title: General
Accounting Policies: 2. Summary of Significant Accounting Policies
Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the “schedule”) is prepared
in accordance with accounting principles generally accepted in the United States of America.
The information in this Schedule is presented in accordance with the requirements of Title
2 U.S. Code of Federal Regulations (“CFR”) 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 Organization's
other revenue, it is not intended to and does not present the financial position, changes in
equity, or cash flows of the Organization.
Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution –
Assistance Listing Number 93.498
For the HHS awards related to the COVID-19 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' (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 Period's deadline to use the funds (i.e., after the end
of the Period of Availability).
The schedule includes $4,233,758 received from HHS between July 1, 2020 to December
31, 2020. In accordance with guidance from HHS, these amounts are presented as Period
2. Such amounts were recognized as other income in the Organization’s financial
statements for the year ended June 30, 2021.
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 other revenue during the reporting period. Actual results
could differ from those estimates.
Subsequent Events
The schedule and related disclosures include evaluation of events through November 13,
2024, which is the date the schedule was available to be issued.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Concepts of Independence, Inc. (the "Organization"), a not-for-profit home care service
agency, was established to provide Consumer Directed Personal Assistance Program
services to individuals in New York State. Federal funds were received in awards from the
U.S. Department of Health and Human Services (HHS), including through federal programs
established by legislation issued in response to the COVID-19 pandemic (e.g., Coronavirus
Aid, Relief, and Economic Security (CARES) Act or the American Rescue Plan (ARP)).
Title: Compliance
Accounting Policies: 2. Summary of Significant Accounting Policies
Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the “schedule”) is prepared
in accordance with accounting principles generally accepted in the United States of America.
The information in this Schedule is presented in accordance with the requirements of Title
2 U.S. Code of Federal Regulations (“CFR”) 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 Organization's
other revenue, it is not intended to and does not present the financial position, changes in
equity, or cash flows of the Organization.
Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution –
Assistance Listing Number 93.498
For the HHS awards related to the COVID-19 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' (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 Period's deadline to use the funds (i.e., after the end
of the Period of Availability).
The schedule includes $4,233,758 received from HHS between July 1, 2020 to December
31, 2020. In accordance with guidance from HHS, these amounts are presented as Period
2. Such amounts were recognized as other income in the Organization’s financial
statements for the year ended June 30, 2021.
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 other revenue during the reporting period. Actual results
could differ from those estimates.
Subsequent Events
The schedule and related disclosures include evaluation of events through November 13,
2024, which is the date the schedule was available to be issued.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The rules and regulations governing the COVID-19 Provider Relief Fund and American
Rescue Plan (ARP) Rural Distribution (“PRF”) program (the “program”) have continued to
evolve since the program’s inception in March 2020. Management believes that the
Organization is in compliance with the program’s rules and regulations other than
compliance matters noted in the schedule of findings and questioned costs. However, the
program’s rules and regulations are complex and subject to interpretation, and compliance
may be subject to further government review.