Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the SEFA 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 allowed or are limited as to reimbursement. On the accompanying SEFA, the portions of the program expenditures representing federal funds were obtained directly from the grantor.
De Minimis Rate Used: Both
Rate Explanation: The Agency receives a limited number of grants that utilize the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Otherwise, the de minimis indirect cost rate is not used.
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of Pressley Ridge and Pressley Ridge Maryland (Agency) under programs of the federal government for the year ended June 30, 2022. The information in the SEFA 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 SEFA presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Agency.
Title: Provider Relief Funds
Accounting Policies: Expenditures reported on the SEFA 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 allowed or are limited as to reimbursement. On the accompanying SEFA, the portions of the program expenditures representing federal funds were obtained directly from the grantor.
De Minimis Rate Used: Both
Rate Explanation: The Agency receives a limited number of grants that utilize the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Otherwise, the de minimis indirect cost rate is not used.
The accompanying SEFA includes Provider Relief Funds received by Pressley Ridge under the taxpayer identification number 250965460.