Notes to SEFA
Title: Financial Statement Revenue
Accounting Policies: Expenditures reported on the SEFA 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 financial statements for the years ended December 31, 2022 and 2021 reflect revenue recognized from the Provider Relief Fund (PRF) of $1,153,527 and $765,878, respectively. The SEFA for the year ended December 31, 2022 includes PRF of $1,153,527 which consists of PRF received in Reporting Periods 3 & 4, in accordance with the requirement of the compliance supplement for assistance listing number 93.498.
Title: Other Matters
Accounting Policies: Expenditures reported on the SEFA 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.
Amount of Noncash Assistance NoneAmount of Insurance NoneAmount of Loans NoneAmount of Loan Guarantees NoneSubrecipients None