Title: Loan/loan guarantee outstanding balances
Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal awardsactivity of PCHS under programs of the federal government for the year ended June 30,2022. The accompanying schedule presents total expenditures in accordance with Title 2U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Therefore, the amounts presented in this schedule may differ from the amounts presentedin, or used in, the preparation of the basic financial statements.B. Summary of Significant Accounting PoliciesThe accompanying schedule of expenditures of federal awards includes the federal activityof PCHS under programs of the federal government for the year ended June 30, 2022 and ispresented on the accrued basis of accounting. Such expenditures are recognized followingthe cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 12554307.
Title: C. Provider Relief Fund Reporting
Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal awardsactivity of PCHS under programs of the federal government for the year ended June 30,2022. The accompanying schedule presents total expenditures in accordance with Title 2U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Therefore, the amounts presented in this schedule may differ from the amounts presentedin, or used in, the preparation of the basic financial statements.B. Summary of Significant Accounting PoliciesThe accompanying schedule of expenditures of federal awards includes the federal activityof PCHS under programs of the federal government for the year ended June 30, 2022 and ispresented on the accrued basis of accounting. Such expenditures are recognized followingthe cost principles contained in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Provider relief funds (PRF) are to be reported during four separate time periods. Period 1reporting encompassed all PRF received from April 10, 2020 through June 30, 2020 with ameasurement date for use of funds through June 30, 2021. Period 2 reporting includes allPRF received from July 1, 2020 through December 31, 2020 with a measurement date foruse of funds through December 31, 2021. Period 3 reporting includes all PRF received fromJanuary 1, 2021 through June 30, 2021 with a measurement date for use of funds throughJune 30, 2022. Period 4 reporting includes all PRF received from July 1, 2021 toDecember 31, 2021 with a measurement date for use of funds through December 31, 2022.Period 5 reporting includes all PRF received from January 1, 2022 to June 30, 2022 with ameasurement date for use of funds through June 30, 2023. Accordingly, the amountsincluded on the accompanying schedule of expenditures of federal awards are for PRFsubject to Periods 2 and 3 reporting. As previously noted, the PRF reporting timeline for Periods 2 and 3 use of funds runs fromJuly 1, 2021 through June 30, 2022. This has resulted in PCHS recognition and reportingfor financial statement purposes not matching with the PRF reporting timeline. Areconciliation of total expenditures of PRF awards to amounts recognized in PCHS financialstatements is as follows:Total PRF and other amounts included in theExpenditures of Federal Awards, excluding loan programs $ 191,495Amounts reflected in the audited financial statements, in theStatements of Revenues, Expenses and Changes in Net Position:Funds included in Grants - COVID-19 programs FY2021 $ 120,376Funds included in Noncapital grants and contributions FY2022 70,855Investment income FY2022 264$ 191,495