Audit 12631

Title: Note A: Basis of Presentation Accounting Policies: Basis of Accounting For purposes of the Schedule, expenditures for federal programs are recognized on the accrual basis of accounting. Expenditures are determined using the cost accounting principles and procedures as required by Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in or used in the presentation of the Center’s financial statements. Schedule of Expenditures of Federal Awards The accompanying Schedule presents the activity of all federal financial assistance programs of the Center. Federal financial assistance received directly from federal agencies is included in the Schedule. The Schedule was prepared from only the accounts of various grant programs and, therefore, does not present the financial position or results of operations of the Center. Indirect Cost Rate The Center did not elect to use the 10% de minimis cost rate per 2 CFR 200.510(b)(6). De Minimis Rate Used: N Rate Explanation: The Center did not elect to use the 10% de minimis cost rate per 2 CFR 200.510(b)(6). The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) summarizes the expenditures of Shingletown Medical Center (the “Center”) 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 Center, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows for the Center.