Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) includes the federal and state award activity of Professional Care Services of West TN, Inc. ("Professional Care") under programs of the federal and state governments for the year ended June 30, 2022. Because the Schedule presents only a selected portion of the operations of Professional Care, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Professional Care. With the exception of reporting for Assistance Listing Number (ALN) 93.498, Provider Relief Fund/American Rescue Plan (ARP) Rural Payments, expenditures reported on the Schedule are reported on the accrual basis of accounting. Expenditures for ALN 93.498 are included in the financial statements but not included in the Schedule as those expenditures are required to be reported in the Schedule based on the Payment Received Period. Non-cash awards are reported in the schedule at the fair value of the related equipment to be received as specified in the grant award. Professional Care has an approved indirect cost allocation plan and therefore is not subject to using the 10 percent de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate since they have an approved indirect cost allocation plan in place.