Notes to SEFA
Title: Basis of Presenation
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: N
Rate Explanation: The Institute has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Parker Jewish Institute for Health Care and Rehabilitation (the “Institute”) under programs of the federal government for the year ended December 31, 2024. 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 Institute, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Institute.
Title: Other Matter
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: N
Rate Explanation: The Institute has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
In accordance with the 2024 OMB Compliance Supplement, eligible expenditures under Federal Assistance Listing Number 97.036 incurred by the Institute during the years ended December 31, 2023, 2022, 2021 and 2020, and approved for payment by FEMA during the year ended December 31, 2024, should be included on the Institute’s 2024 Schedule of Expenditures of Federal Awards. During the year ended December 31, 2024, the Institute reported a negative amount of $938,612 under this program on the SEFA. This amount represents the return of grant funds previously reimbursed by FEMA for costs later determined to be unallowable or ineligible. The repayment is reported as a negative expenditure in accordance with FEMA reporting requirements.