Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards 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. PSA Behavioral Health Agency d/b/a Resilient Health and Subsidiary has not elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
PSA Behavioral Health Agency d/b/a Resilient Health and Subsidiary has a loan outstanding with the City of Phoenix which has continuing compliance requirements. The loan was funded through Assistance Listing number 14.218, Community Development Block Grants. Loans outstanding at the beginning of the year are included in the federal expenditures presented in the accompanying schedule of expenditures of federal awards. The balance of the loan outstanding at September 30, 2022 was $153,207.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards 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. PSA Behavioral Health Agency d/b/a Resilient Health and Subsidiary has not elected to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of PSA Behavioral Health Agency d/b/a Resilient Health and Subsidiary under programs of the federal government for the year ended September 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 operations of PSA Behavioral Health Agency d/b/a Resilient Health and Subsidiary, it is not intended and does not present the consolidated financial position, change in net assets or cash flows of PSA Behavioral Health Agency d/b/a Resilient Health and Subsidiary. PSA Behavioral Health Agency d/b/a Resilient Health and Subsidiary did not provide federal awards to sub-recipients during the year ended September 30, 2022.