Notes to SEFA
Title: Donated Personal Protective Equipment (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.
Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF Program)
The PRF Program amount on the Schedule includes $11,278,428 to date for reimbursement of expenses which were recognized in CARES Act and other stimulus in the Statement of Operations and Changes in Net Assets. $11,278,428 of the funding reported in the Schedule was recognized by the Corporation in CARES Act and other stimulus in the Statement of Operations and Changes in Net Assets in a prior period and is reported in the Schedule in accordance with the terms and conditions included in the Department of Health and Human Services (HHS) Post-Payment Notice of Reporting Requirements specific to the PRF Program.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10percent de minimis indirect cost rate allowed under the Uniform Guidance
During the year ended June 30, 2024, the Corporation did not receive any donated personal protective equipment.