Notes to SEFA
Title: CARES ACT PROVIDER RELIEF FUNDS
Accounting Policies: GENERAL INFORMATION The accompanying schedule of expenditures of federal, state, city, and county awards (the Schedule) includes the federal award activity of NorthEast Treatment Centers, Inc. under programs of the federal government for the year ended June 30, 2022. 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of NorthEast Treatment Centers, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of NorthEast Treatment Centers, Inc. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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. The amounts reported in this Schedule as expenditures may differ from certain financial reports submitted to funding agencies because those reports may be submitted on either a cash or modified accrual basis of accounting. Expenditures of federal, state, and city awards are reported on the statement of activities as operating expenses. In certain programs, the expenditures reported in the basic financial statements differ from the expenditures reported in the Schedule because other program expenditures and expenditures may exceed contract budget limitations and are, therefore, not included as expenditures of federal, state, and city awards.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Due to the Coronavirus pandemic, the U.S. Department of Health and Human Services (HHS) made available emergency relief grant funds to health care providers through the CARES Act Provider Relief Fund (PRF). At June 30, 2022, Centers recognized $426,997 as revenue in the statement of activities. These amounts have been recognized, along with amounts from periods 2 and 3 recognized in previous years, in the schedule of expenditures of federal, state, city, and county awards as required by Uniform Guidance.