Notes to SEFA
Title: Provider Relief Funds
Accounting Policies: The accompanying schedule of federal expenditures includes the activity of all federally assisted programs of the authority and is presented on the accrual basis of accounting. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included on this schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amount reported for Provider Relief Funds on this schedule is based upon the September 2022 reporting to Health and Human Services that covers all amounts received by the authority through June 30, 2021.
Title: Outstanding Loan Balances
Accounting Policies: The accompanying schedule of federal expenditures includes the activity of all federally assisted programs of the authority and is presented on the accrual basis of accounting. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included on this schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
At June 30, 2022 the Authority had no outstanding loan balances requiring continuing disclosure.