Notes to SEFA
Title: Provider Relief Funds
Accounting Policies: Expenditures reported on the Schedules 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: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes activity related to the U.S. Department of Health and Human Services ("HHS") Provider Relief Fund ("PRF") Assistance Listing Number 93.498. In accordance with, 2 CFR Part 200, Appendix XI, Compliance Supplement, the Schedule includes all Period 1 funds received between April 10, 2020 and June 30, 2020 and expended by June 30, 2021 as reported to HHS via the PRF Reporting Portal. The Schedule thus includes $1,315,030 in lost revenue. In accordance with accounting principles generally accepted in the United States of America, the total amount of $1,315,030 of PRF assistance received by the Organization was recognized as revenue during the year ended January 31, 2021, and is included in beginning net assets as of and for the year ended January 31, 2022.