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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Great Lakes Bay Health Centers has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Great Lakes Bay Health Centers under programs 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 Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Great Lakes Bay Health Centers, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Great Lakes Bay Health Centers.
Title: Subrecipients
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Great Lakes Bay Health Centers has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
No amounts were provided to subrecipients.
Title: Reconciliation to the Financial Statements
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Great Lakes Bay Health Centers has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal revenues are recorded as Federal Grants Revenue on the Statement of Operations as follows:
Federal grants per financial statements: $14,519,986;
COVID-19 Telehealth (32.006) revenue recognized in current year, but should have been reported on schedule of expenditures of federal awards in the prior year (Note 5): ($281,660);
Provider relief fund (93.498) revenue recognized in prior year, but reported on schedule of expenditures of federal awards in current year: $1,850,994;
COVID testing for the uninsured (93.461) revenue recognized as patient revenue on the statement of operations: $4,192;
Total expenditures of federal awards: $16,093,512.
Title: FCC Grant Revenue
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 where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Great Lakes Bay Health Centers has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Center identified $281,660 of expenses related to the FCC grant that should have been reported on the fiscal year 2022 schedule of expenditures of federal awards. Client elected to not restate the fiscal year 2022 schedule of expenditures of federal awards. This would not have affected the major program determination for fiscal year 2022.