Notes to SEFA
Title: COVID-19 PROVIDER RELIEF FUNDS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of Cardinal McCloskey School and Home for Children (CMCS) for the year ended June 30, 2022. The information in the 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operation of CMCS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of CMCS. Expenditures reported on the Schedule are reported on the accrual basis of accounting except for Covid-19 Provider Relief Funds (see Note 4). Expenditures reported on the Schedule 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.
CMCS received Covid-19 Provider Relief Funds from the United States Department of Health and Human Services during the fiscal year ended June 30, 2021 which were spent during the fiscal year ended June 30, 2021. The amounts received during Period 2, as defined by the United States Department of Health and Human Services as, July 1, 2020 December 31, 2020, are reported on Schedule for the year ended June 30, 2022.