Title: Noncash Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal award activity of Family Residences & Essential Enterprises, Inc. (the Organization) under programs of the Federal government for the year ended December 31, 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 the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization receives food as part of the Emergency Food Assistance Program. The fair value of the food received was $15,733 which is included in the Schedule under Assistance Listing number 10.569.
Title: COVID-19 Provider Relief Fund
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal award activity of Family Residences & Essential Enterprises, Inc. (the Organization) under programs of the Federal government for the year ended December 31, 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 the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
For the awards from the Department of Health and Human Services (HHS) related to the Provider Relief Fund (PRF) program, HHS has indicated that the amounts on the Schedule should be reported in accordance with the reporting requirements of the Health Resources and Service Administration (HRSA) PRF Reporting Portal. Payments from HHS for PRF are assigned to 'Payment Received Periods' (each, a Period) based upon the date each payment from the PRF was received. Each Period has a specified Period of Availability and timing of reporting requirements. Entities receiving PRF are required to report in the HRSA PRF Reporting Portal after each Period's deadline (i.e., after the end of the Period of Availability).The Schedule includes all Period 4 PRF payments received between July 1, 2021 and December 31, 2021 reported by the Organization to HRSA in the PRF Reporting Portal totaling $95,270. The Organization recognized PRF revenue for the year ended December 31, 2021 of $95,270 in the financial statement line item other program revenue in the 2021 statement of activities.
Title: Other Matter
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal award activity of Family Residences & Essential Enterprises, Inc. (the Organization) under programs of the Federal government for the year ended December 31, 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 the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
In accordance with the 2022 OMB Compliance Supplement, eligible expenditures under Federal Assistance Listing Number 97.036 incurred and recognized in the Organizations 2020 financial statements and approved by Federal Emergency Management Agency ("FEMA") in 2022, should be included on the Organizations 2022 Schedule. Accordingly, the total Department of Homeland Security federal expenditures for the year ended December 31, 2022 include $247,727 of eligible expenditures incurred during the year ended December 31, 2020.