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, with the exception of the matter discussed in Note 4.
De Minimis Rate Used: N
Rate Explanation: The Organization uses the 10% de minimis indirect cost rate on all programs where the budget allows. For the Block Grants for Community Mental Health Services grants passed through the New York City Department of Health and Mental Hygiene, where they require a negotiated rate, the Organization submitted and was approved for an indirect cost rate of 12.83% for the period from July 1, 2020 to June 2023.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Interborough Developmental and Consultation Center, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2022. 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: Subsequent Events
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, with the exception of the matter discussed in Note 4.
De Minimis Rate Used: N
Rate Explanation: The Organization uses the 10% de minimis indirect cost rate on all programs where the budget allows. For the Block Grants for Community Mental Health Services grants passed through the New York City Department of Health and Mental Hygiene, where they require a negotiated rate, the Organization submitted and was approved for an indirect cost rate of 12.83% for the period from July 1, 2020 to June 2023.
The Organization has evaluated subsequent events occurring after the consolidated financial statements date of June 30, 2022 through December 1, 2022, except for our report on the supplemental Schedule of Expenditures of Federal Awards, for which the subsequent events date is March 31, 2023, which is the date these consolidated financial statements were available to be issued. No events arose during the period which would require adjustments or additional disclosures.
Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution
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, with the exception of the matter discussed in Note 4.
De Minimis Rate Used: N
Rate Explanation: The Organization uses the 10% de minimis indirect cost rate on all programs where the budget allows. For the Block Grants for Community Mental Health Services grants passed through the New York City Department of Health and Mental Hygiene, where they require a negotiated rate, the Organization submitted and was approved for an indirect cost rate of 12.83% for the period from July 1, 2020 to June 2023.
As detailed on the Schedule, the Organization has reported federal expenditures of $1,308,406 within Federal Assistance Listing Number 93.498, Provider Relief Fund and American Rescue Plan (ARP) Rural Distributions. The accompanying Schedule includes the federal expenditures of following three entities as identified by the individual Employer Identification Number (EIN) and entity name:(1)Interborough Development & Consultation Center, Inc., EIN 23-7358415, which includes federal expenditures amounting to $944,537. (2)S.L.A Associates, LLC, EIN 47-4039553, which includes federal expenditures amounting to $189,483.(3)LSA Recovery, Inc., EIN 47-3362066, which includes federal expenditures amounting to $174,386.The total PRF Program expenditures on the Schedule includes $1,048,439 of out-of-period expenditures and $37,264 of lost revenues which are reported in accordance with the terms and conditions included in the Health Resources and Services Administration (HRSA) Post-Payment Notice of Reporting Requirements specific to the PRF Program. Out-of-period expenditures and lost revenues are not permitted concepts under U.S. GAAP.