Notes to SEFA
Title: Expenditures of Federal Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards ("Schedule") includes the federal award activityof Life Treatment Centers, Inc. (the "Organization") under programs of the federal government for the year endedJune 30, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion ofthe operations of the Organization, it is not intended to and does not present the financial position, changes in netassets, or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: 1.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expendituresare recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards, wherein certain types of expenditures are not allocable or are limited as to reimbursement.2. The Organization has elected not to use the 10 percent de minimis indirect cost rate as allowed under theUniform Guidance.
Federal awards on Statements of Activities $1,981,675; Deduct fiscal year 2022 Provider Relief Fund receipts to be reported as federal expenditures in fiscal year 2023 ($51,017); Non-cash federal assistance on Statements of Activities $97,668; Total expenditures of federal awards $2,028,326.