Notes to SEFA
Title: Note 4
Accounting Policies: The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Mt. Enterprise Community Health Clinic under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Mt. Enterprise Community Health Clinic, it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of Mt. Enterprise Community Health Clinic. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Schedule reflects expenses, excluding those relating to Provider Relief Funds, totaling $3,591,745, which is equal to the amount of Grant Fund Revenue for the year ended December 31, 2022. In accordance with the requirements of the compliance supplement for ALN 93.498, the Schedule of Expenditures of Federal Awards includes $87,685 of Provider Relief Funds that were received in PRF Period 4. Amounts reported in the Schedule of Expenditures of Federal Awards were recognized as revenue for the year ended December 31, 2022