Notes to SEFA
Title: RELATIONSHIP OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO THE FINANCIAL
Accounting Policies: BASIS OF ACCOUNTINGExpenditures on the Schedule 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 allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Program expenditures in excess of the maximum reimbursement authorized or the portion of the program expenditures that were funded with non-Federal funds are excluded from the accompanying Schedule.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate. Subject to limitations, NEVHC is allowed to use a provisional indirect cost rate of 10.4% for all programs related to grants, contracts and agreements with the federal government, for the year ended December 31, 2022, and therefore does not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Consistent with managements policy, federal awards are recorded in the same account categories as grants from other sources, which are together reported as grant revenues in NEVHCs Audited Financial Statements. As a result, the amount of total federal awards expended on the Schedule does not agree to the total grant revenue reported in NEVHCs Audited Financial Statements.
Title: SUBRECIPIENTS
Accounting Policies: BASIS OF ACCOUNTINGExpenditures on the Schedule 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 allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Program expenditures in excess of the maximum reimbursement authorized or the portion of the program expenditures that were funded with non-Federal funds are excluded from the accompanying Schedule.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate. Subject to limitations, NEVHC is allowed to use a provisional indirect cost rate of 10.4% for all programs related to grants, contracts and agreements with the federal government, for the year ended December 31, 2022, and therefore does not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
NEVHC provided federal awards of $4,637,453 to subrecipients for the year ended December 31, 2022.