Notes to SEFA
Accounting Policies: Basis of presentation:The accompanying schedule of expenditures of federal awards includes the federal awardactivity of JHF and PRHI for the year ended December 31, 2022. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards ("Uniform Guidance"). Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in preparation of,the basic consolidated financial statements.Cost principles:Expenditures reported on the schedule of expenditures of federal awards are reported on theaccrual basis of accounting. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expenditures are not allowableor are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.