Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Ravenwood Mental Health Center (DBA Ravenwood Health) (the Center) under programs of the federal government for the year ended June 30, 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Ravenwood Health, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Ravenwood Health.
Catalog of Federal Domestic Assistance (CFDA) – OMB Uniform Guidance requires the Schedule to show total expenditures expended for each individual Federal program and the CFDA number of other identifying number when the CFDA Information is not available.
Each program included in the CFDA is assigned a five-digit program identification number (CFDA number), the first two digits designating federal agency and the last three digits designating federal assistance program within the federal agency. The CFDA number is reflected in the schedule.
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.
Pass-through entity identifying numbers are presented where available.
The Center has not elected to use the 10% de minimus cost rate.
The following programs represent all Federal awards tested as major programs. Since the Center is a high-risk auditee, coverage of at least 40% of federally awarded funds was required. Actual coverage was approximately 43% of total federally awarded expenditures.