Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: N/A
The above schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of South Plains Rural Health Services, Inc. (SPRHS) under programs of the federal government for the year ended May 31, 2023. 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 SPRHS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SPRHS.
Title: Provider Relief Fund and American Rescue Plan (ARPA) Rural Payments (93.498)
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: N/A
SPRHS received additional PRF funds on February 1, 2022 in the amount of $15,976. SPRHS also received ARP Rural Payments on January 1, 2022 in the amount of $126,162. $101,868 was recognized in the year ended May 31, 2022 financial statements and $40,270 was recognized in the year ended May 31, 2023. All amounts are being recognized in the 2023 SEFA due to reporting requirements.