Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of The Wright Center Medical Group, d/b/a The Wright Center for Community Health, and Affiliate, under programs of the federal government for the year ended June 30, 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 The Wright Center Medical Group, d/b/a The Wright Center for Community Health, and Affiliate, it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of The Wright Center Medical Group, d/b/a The Wright Center for Community Health, and Affiliate.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
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, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Wright Center Medical Group, d/b/a The Wright Center for Community Health, and Affiliate, has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Federal Loan Programs
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Wright Center Medical Group, d/b/a The Wright Center for Community Health, and Affiliate, did not have any federal loan programs during the year ended June 30, 2023.
Title: Personal Protective Equipment (PPE) (Unaudited)
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Wright Center Medical Group, d/b/a The Wright Center for Community Health, and Affiliate, did not receive donated PPE from a federal source during the year ended June 30, 2023.
Title: Additional Details Requested by Pennsylvania Department of Health
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
As requested by the Pennsylvania Department of Health, the following additional information relates
to funding received for the year ended June 30, 2023, passed through from the Pennsylvania
Department of Health.