Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (Schedule) are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Sacopee Valley Health Center (the Organization) has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule includes the federal grant activity of the Organization. The information in this Schedule is presented in accordance with the requirements of the 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.
Title: COVID-19 Provider Relief Fund
Accounting Policies: Expenditures reported in the schedule of expenditures of federal awards (Schedule) are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Sacopee Valley Health Center (the Organization) has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule includes the expenditures of COVID-19 Provider Relief Fund (Assistance Listing 93.498) awards which represent amounts received by the Organization during Period 1 and expended through June 30, 2021 as reported on the Provider Relief Fund Reporting Portal during the year ended May 31, 2022.