Title: 1. Presentation and Basis of Accounting
Accounting Policies: 1. Presentation and Basis of Accounting
The schedule of expenditures of federal awards (the Schedule) is prepared on the accrual basis in accordance with accounting principles generally accepted in the United States. It includes all federal expenditures of Baptist Health Care, Inc. and Subsidiaries (BHC). The information in the 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). BHC has not elected to use the 10% de minimis cost rate for indirect costs for the year ended September 30, 2023.
2. Contingencies
The disbursement of funds received under federal grant programs is subject to review and audit by grantor agencies. Any disbursements disallowed by these agencies could become a liability of BHC. In the opinion of management, any such claims will not have a material adverse effect of the financial position of BHC.
3. Other
Expenditures totaling $88,908 under Assistance Listing Number (ALN) 97.036 were incurred in prior years and included in approved Project Worksheets during the fiscal year ended September 30, 2023, and are therefore included in the Schedule for the year ended September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Due to the nature of the grants, de minimis cost rate is not applicable.
The schedule of expenditures of federal awards (the Schedule) is prepared on the accrual basis in accordance with accounting principles generally accepted in the United States. It includes all federal expenditures of Baptist Health Care, Inc. and Subsidiaries (BHC). The information in the 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). BHC has not elected to use the 10% de minimis cost rate for indirect costs for the year ended September 30, 2023.
Title: 2. Contingencies
Accounting Policies: 1. Presentation and Basis of Accounting
The schedule of expenditures of federal awards (the Schedule) is prepared on the accrual basis in accordance with accounting principles generally accepted in the United States. It includes all federal expenditures of Baptist Health Care, Inc. and Subsidiaries (BHC). The information in the 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). BHC has not elected to use the 10% de minimis cost rate for indirect costs for the year ended September 30, 2023.
2. Contingencies
The disbursement of funds received under federal grant programs is subject to review and audit by grantor agencies. Any disbursements disallowed by these agencies could become a liability of BHC. In the opinion of management, any such claims will not have a material adverse effect of the financial position of BHC.
3. Other
Expenditures totaling $88,908 under Assistance Listing Number (ALN) 97.036 were incurred in prior years and included in approved Project Worksheets during the fiscal year ended September 30, 2023, and are therefore included in the Schedule for the year ended September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Due to the nature of the grants, de minimis cost rate is not applicable.
The disbursement of funds received under federal grant programs is subject to review and audit by grantor agencies. Any disbursements disallowed by these agencies could become a liability of BHC. In the opinion of management, any such claims will not have a material adverse effect of the financial position of BHC.
Title: 3. Other
Accounting Policies: 1. Presentation and Basis of Accounting
The schedule of expenditures of federal awards (the Schedule) is prepared on the accrual basis in accordance with accounting principles generally accepted in the United States. It includes all federal expenditures of Baptist Health Care, Inc. and Subsidiaries (BHC). The information in the 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). BHC has not elected to use the 10% de minimis cost rate for indirect costs for the year ended September 30, 2023.
2. Contingencies
The disbursement of funds received under federal grant programs is subject to review and audit by grantor agencies. Any disbursements disallowed by these agencies could become a liability of BHC. In the opinion of management, any such claims will not have a material adverse effect of the financial position of BHC.
3. Other
Expenditures totaling $88,908 under Assistance Listing Number (ALN) 97.036 were incurred in prior years and included in approved Project Worksheets during the fiscal year ended September 30, 2023, and are therefore included in the Schedule for the year ended September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Due to the nature of the grants, de minimis cost rate is not applicable.
Expenditures totaling $88,908 under Assistance Listing Number (ALN) 97.036 were incurred in prior years and included in approved Project Worksheets during the fiscal year ended September 30, 2023, and are therefore included in the Schedule for the year ended September 30, 2023.