Audit 50307

Title: NOTE D- PROVIDER RELIEF FUNDS Accounting Policies: NOTE A - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the federal agency grant activity of Big Sandy Health Care, Inc. programs of the federal government for the year ended January 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR), Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of operations of Big Sandy Health Care, Inc., it is not intended and does not present the financial position, changes in net assets or cash flows of the Organization. NOTE B SUMMARY OF SIGNIFICANT 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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: NOTE C INDIRECT COST RATESThe Organization has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. The total expenditures and lost revenues reported in the Schedule for the Provider Relief Funds (PRF) program is the total expenditures and lost revenues from the Period 1 (PRF payments received from April 10, 2020 to June 30, 2020) report submission to the Department of Health and Human Services PRF Reporting Portal.