Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, with theexception of expenditures associated with the U.S. Department of Health and Human Services (HHS)Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or limited as to reimbursement.For the awards related to the Provider Relief Fund and American Rescue Plan (ARP) Rural Distributionprogram (PRF), the HHS has indicated the amounts on the Schedule be reported corresponding toreporting requirements of the Health Resources and Services Administration (HRSA) PRF ReportingPortal. Payments from the HHS for PRF are assigned to Payment Received Periods (each, a Period)based upon the date each payment from the PRF was received. Each Period has a specified Period ofAvailability and timing of reporting requirements. Entities report into the HRSA PRF Reporting Portal.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance as the federal programs administered by the Corporation do not include charges for indirect costs.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of New River Health Association, Inc., and Subsidiary (Corporation), under programs of the federal government for the year ended June 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 Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Corporation it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Corporation.
Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, with theexception of expenditures associated with the U.S. Department of Health and Human Services (HHS)Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or limited as to reimbursement.For the awards related to the Provider Relief Fund and American Rescue Plan (ARP) Rural Distributionprogram (PRF), the HHS has indicated the amounts on the Schedule be reported corresponding toreporting requirements of the Health Resources and Services Administration (HRSA) PRF ReportingPortal. Payments from the HHS for PRF are assigned to Payment Received Periods (each, a Period)based upon the date each payment from the PRF was received. Each Period has a specified Period ofAvailability and timing of reporting requirements. Entities report into the HRSA PRF Reporting Portal.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance as the federal programs administered by the Corporation do not include charges for indirect costs.
The Schedule includes $162,411 received from the HHS between July 1, 2020, through December 31, 2020. In accordance with guidance from the HHS, these amounts are presented on the Schedule as Period 2. Such amounts were recognized as Provider Relief Fund revenue in the Corporation's financial statements in the amounts of $0 and $162,411 for the years ended June 30, 2022 and 2021, respectively. The Schedule includes the following entities that received the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution: Legal Entity Name Tax Identification Number New River Health System, Inc. 550581968