Notes to SEFA
Title: Note 3. Reconciliation of Provider Relief Fund Grant Revenue Recognized
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) is prepared using the accrual basis of accounting. Complete Assistance Listing Numbers are presented for those programs for which such numbers were available. Assistance Listing Number prefixes and other identifying numbers are presented for programs for which a complete Assistance Listing Number is not available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During fiscal year 2020, the U. S. Department of Health and Human Services (HHS) began providing COVID-19 related Funding under Assistance Listing Number 93.498. The funds are to be utilized to offset eligible COVID-19 expenditures and lost revenues related to COVID-19 as defined in the program regulations. The Organization recognized amounts received as the programs requirements were met as shown in the table below. The amounts received and expended are reported in the SEFA according to HHS periods of availability (also known as the "period of performance"). Accordingly, the $5,142,024 expended in Period 2 is reported on the June 30, 2022 SEFA.