Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. Negative amounts shown on the Schedule represent adjustments or creditsmade in the normal course of business amounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: Columbia Valley Community Health has elected to use the 10% de minimis indirect cost rateas allowed under the Uniform Guidance for pass-through awards from the Washington StateDepartment of Health.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Columbia Valley Community Health under programs of the federal government for the year ended March 31, 2022. The information in the Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Columbia Valley Community Health, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Columbia Valley Community Health.
Title: RECONCILIATION TO THE FINANCIAL STATEMENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. Negative amounts shown on the Schedule represent adjustments or creditsmade in the normal course of business amounts reported as expenditures in prior years.
De Minimis Rate Used: Both
Rate Explanation: Columbia Valley Community Health has elected to use the 10% de minimis indirect cost rateas allowed under the Uniform Guidance for pass-through awards from the Washington StateDepartment of Health.
The financial statements reflect revenue recognized from the Provider Relief Fund (PRF) of $1,119,448 and $1,056,186 for the years ended March 31, 2022 and March 31, 2021,respectively. The Schedule includes $1,056,186 Period 1 expenditures of Provider ReliefFunds in accordance with the requirements of the compliance supplement for assistancelisting number 93.498.