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: Y
Rate Explanation: Northeast Kingdom Human Services, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal award activity of Northeast
Kingdom Human Services, Inc. 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 NEKHS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Northeast Kingdom Human Services, Inc.
Title: Provider Relief Funds
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: Northeast Kingdom Human Services, Inc. has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During the year ended June 30, 2021, Northeast Kingdom Human Services, Inc. received $824,803 in provider relief funds. The Agency followed the U.S. Department of Health and Human Services reporting requirements based on the period of availability for each payment received but not subject to the Uniform Guidance until June 30, 2022 as shown on the schedule above. The Agency received $713,870 in provider relief funds in Period 3 which is recognized as revenue for the year ended June 30, 2022, but not subject to the Uniform Guidance until June 30, 2023.