Notes to SEFA
Title: COVID-19 Disaster Grants – Public Assistance (Presidentially Declared Disasters)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes federal grant expenditures of Premier Health Partners and Subsidiaries (the Company) under programs of the federal government for the year ended December 31, 2024 and is presented using the accrual basis of accounting. The information in the Schedule is presented in accordance with 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).
De Minimis Rate Used: N
Rate Explanation: The Company elected not to utilize the 10 percent de minimis indirect cost rate allowed by Uniform
Guidance.
Expenditures for disaster grants from the U.S. Department of Homeland Security (Assistance Listing No. 97.036), are recorded on the schedule of expenditures of federal awards when the funds are obligated by the awarding agency and eligible expenditures have been incurred. All disaster grant expenditures included in the schedule of expenditures of federal awards for the year ended December 31, 2024, were incurred in prior fiscal years.