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 Organization has elected not to use the 10-percent 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 Concepts of Independence, Inc. (the “Organization”) under programs of the
federal government for the year ended June 30, 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 Organization, it is not intended to and does not present the
financial position, changes in net assets or cash flows of the Organization.
Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution –
Assistance Listing Number 93.498
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 Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
For the awards from the Department of Health and Human Services (“HHS”) related to the
Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (“PRF”) program,
HHS has indicated that the amounts on the Schedule should be reported in accordance with
the reporting requirements of the Health Resources and Service Administration (“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 receiving PRF are required to report in the HRSA PRF Reporting Portal after each
Period's deadline (i.e., after the end of the Period of Availability).
The Schedule includes all Period 4 PRF payments received July 1, 2021 to December 31,
2021 reported by the Organization to HRSA in the PRF Reporting Portal totaling $3,464,975.
Such amounts were recognized as other income in the Organization’s financial statements
for the year ended June 30, 2022.
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 Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization did not receive donated PPE from a federal source during the year ended
June 30, 2023.