Notes to SEFA
Title: Reconciliation of Federal Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Isabella Citizens for Health, Inc. and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.The expenditures in the Schedule of Expenditures of Federal Awards are in agreement with the amounts reported in the financial statements and reports submitted to the Department of Health and Human Services. Although some grant awards are for different periods than the Center's fiscal year, all expenditures in the schedule are for the year ended December 31, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal awards revenue for the year ended December 31, 2022 is reported as follows:Expenditures per schedule of expenditures of federal awards $2,167,023 Provider Relief Funds (AL# 93.498) -Revenue in prior year on the statement of activities, reported on current year schedule of expenditures of federal awards (109,414)Revenue in current year on the statement of activities, to be reported on future year schedule of expenditures of federal awards - Federal grants per statement of activities $2,057,609