The Department of Health and Human Services (HHS) has updated its guidance for Single Audit reporting of Provider Relief Funds (PRF) on the Schedule of Expenditures of Federal Awards (SEFA).  On 7/15/2021, HHS added two new Auditing and Reporting Requirements FAQs which delay the inclusion of PRF on the SEFA and align the single audit reporting with the new June 11, 2021 PRF Reporting Portal report submission periods.

Under the new guidance, PRF will not be included on the SEFA until fiscal year ends on or after June 30, 2021.  This new guidance supersedes previous guidance in the 2020 OMB Compliance Supplement Addendum which had stated that PRF was to begin being reported on the SEFA for December 31, 2020 and later fiscal year ends.

Reporting of PRF total expenditures and/or lost revenues attributable to coronavirus on the SEFA will be as follows:

Fiscal Year End Amount to Report on SEFA
6/30/21 through 12/30/21 Period 1
12/31/21 through 6/29/22 Period 1 plus Period 2
6/30/22 and after Reporting guidance related to Period 3 and Period 4 will be provided at a later date.

 

 

Under the new guidance, the first Single Audit reporting period for PRF will be for organizations with June 30, 2021 fiscal year ends.  The delay only extends to PRF CFDA # 93.498 general and targeted distributions, so organizations will still need to evaluate whether other Federal program funding, in the aggregate, meets the $750,000 single audit threshold for fiscal year ends prior to June 30, 2021.

HHS FAQs can be accessed by clicking here.

Draffin Tucker continues to actively monitor this situation and will communicate developments in future Client Alerts.

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