Title: Indirect Cost Rate
Accounting Policies: Note 1 - Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Orlando Rehabilitation Group, Inc. (“ORG”) under a program of the federal government for the year ended March 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 Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of ORG, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of ORG.
De Minimis Rate Used: N
Rate Explanation: Note 2 - Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in the Office of Management and Budget Circular A-122, Cost Principles
for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
ORG has not elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Loan and Loan Guarantee Programs
Accounting Policies: Note 1 - Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Orlando Rehabilitation Group, Inc. (“ORG”) under a program of the federal government for the year ended March 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 Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of ORG, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of ORG.
De Minimis Rate Used: N
Rate Explanation: Note 2 - Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in the Office of Management and Budget Circular A-122, Cost Principles
for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The amount under Federal Expenditures for AL 14.129 represents the U.S. Department of Housing and Urban Development's Section 232 insured mortgage loan outstanding as of March 31, 2022, and not funds expended during the year. The outstanding loan balance as of March 31, 2023 was $28,438,921.
Title: Provider Relief Fund
Accounting Policies: Note 1 - Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Orlando Rehabilitation Group, Inc. (“ORG”) under a program of the federal government for the year ended March 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 Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of ORG, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of ORG.
De Minimis Rate Used: N
Rate Explanation: Note 2 - Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in the Office of Management and Budget Circular A-122, Cost Principles
for Non-Profit Organizations, or the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The amount of expenditures reported on the Schedule for AL 93.498 represents the amount of expenditures and lost revenues incurred for funds received between January 1, 2021 to December 31, 2021.