Notes to SEFA
Included in accounts payable and accrued expenses, on the statement of net position in SEARHC’s financial statements, is $6,822,902, which is the estimated refund of Indian Health Service Compact revenue due to SEARHC’s anticipated final indirect rate for previous fiscal years being lower than the provisional rate used in those fiscal years.
The following is a reconciliation of federal revenues reported in SEARHC’s financial statements to federal expenditures reported in the SEFA: Indian Health Service Compact and grant support revenue, as reported in the statement of activities $ 105,764,875 Plus: Indian Health Service Compact funding recognized in the SEFA but not in the financial statements as it relates to prior year accounts receivable or is reflected as a reduction of expense due to the nature of the payment 5,213,901 Less: Private and local grant revenue reported as grant support revenue in the financial statements (44,618) State of Alaska financial assistance (1,206,467) Federal share of expenditures as reported in the SEFA $ 109,727,691