Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following, the cost principles contained in the Uniform Guidance, OMB Circular A-87 Cost Principlesfor State, Local and Indian Tribal Governments, or OMB Circular A-122 Cost Principles for Non-ProfitOrganizations where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Sterling Area Health Center under programs of the federal government for the year ended March 31, 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 Sterling Area Health Center, it is not intended to and does not present the financial position, changes in netassets, or cash flows of Sterling Area Health Center.
Title: Reconciliation to the Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following, the cost principles contained in the Uniform Guidance, OMB Circular A-87 Cost Principlesfor State, Local and Indian Tribal Governments, or OMB Circular A-122 Cost Principles for Non-ProfitOrganizations where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal revenues are recorded as Federal Grants Revenue on the Statement of Activities as follows: Federal grants per financial statements: $4,194,960, Provider relief fund (93.498) revenue recognized in prior year, but reported on schedule of expenditures of federal awards in current year: $590,785, & Total expenditures of federal awards: $4,785,745.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following, the cost principles contained in the Uniform Guidance, OMB Circular A-87 Cost Principlesfor State, Local and Indian Tribal Governments, or OMB Circular A-122 Cost Principles for Non-ProfitOrganizations where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No amounts were provided to subrecipients.