Notes to SEFA
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: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures reported on the Schedule for the Provider Relief Fund (PRF) are based on CFMCs March 31, 2023 report to the PRF Reporting Portal. Under terms and conditions of the Provider Relief Funds established by the Coronavirus Aids, Relief, and Economic Security (CARES) Act, CFMC is required to report COVID-19 related expenses and lost revenue to the U.S. Department of Health and Human Services (HHS). Guidance from HHS has required the reporting of the COVID-19 related expenses and lost revenue within certain reporting timetables based on the date that funds were received. The 2022 Schedule includes PRF of $1,984,948 which was received by CFMC between July 1, 2021 and December 31, 2021, the date designated by HHS for its fourth PRF reporting period. For the years ended December 31, 2022 and 2021, CFMC recognized $-0- and $1,984,948, respectively, as operating revenue in the consolidated statements of operations and changes in net assets as the terms and conditions of the PRF grant were satisfied by CFMC.
Title: DONATED PERSONAL PROTECTIVE EQUIPMENT
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 auditee did not use the de minimis cost rate.
During 2022, CFMC did not receive material donated personal protective equipment from federal sources.