Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (“SEFA”) includes the federal award activity of Southeast Georgia Health System, Inc. (the “System”) for the year ended April 30, 2023. The information in this SEFA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). All federal awards received directly and indirectly from federal agencies are reported in the accompanying SEFA. Because the SEFA presents only a selected portion of the operations of the System, it is not intended to and does not present the financial position, changes in net assets or cash flows of the System.
Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
As outlined in the May 2023 OMB Compliance Supplement, the amounts reported in the accompanying SEFA related to the Provider Relief Fund and American Rescue Plan Rural Distribution (“PRF”), Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the Health Resources and Services Administration (“HRSA”). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on January 1, 2020 and extends through specified deadlines, as indicated below:
The accompanying SEFA includes those qualifying expenditures and lost revenues that were reported in the HRSA PRF portal for Periods 3 and 4. During fiscal year 2022, the System received approximately $7,623,000 in PRF distributions and recognized the entire amount as other operating revenues. Lost revenues are reported based on the HRSA Option 1 reporting of lost revenues by comparing actual revenues by calendar quarter during the period of availability to the actual revenues for the corresponding calendar quarters in 2019.
The System has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The System 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 (“SEFA”) includes the federal award activity of Southeast Georgia Health System, Inc. (the “System”) for the year ended April 30, 2023. The information in this SEFA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). All federal awards received directly and indirectly from federal agencies are reported in the accompanying SEFA. Because the SEFA presents only a selected portion of the operations of the System, it is not intended to and does not present the financial position, changes in net assets or cash flows of the System.
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards (“SEFA”) includes the federal award activity of Southeast Georgia Health System, Inc. (the “System”) for the year ended April 30, 2023. The information in this SEFA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). All federal awards received directly and indirectly from federal agencies are reported in the accompanying SEFA. Because the SEFA presents only a selected portion of the operations of the System, it is not intended to and does not present the financial position, changes in net assets or cash flows of the System.
Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
As outlined in the May 2023 OMB Compliance Supplement, the amounts reported in the accompanying SEFA related to the Provider Relief Fund and American Rescue Plan Rural Distribution (“PRF”), Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the Health Resources and Services Administration (“HRSA”). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on January 1, 2020 and extends through specified deadlines, as indicated below:
The accompanying SEFA includes those qualifying expenditures and lost revenues that were reported in the HRSA PRF portal for Periods 3 and 4. During fiscal year 2022, the System received approximately $7,623,000 in PRF distributions and recognized the entire amount as other operating revenues. Lost revenues are reported based on the HRSA Option 1 reporting of lost revenues by comparing actual revenues by calendar quarter during the period of availability to the actual revenues for the corresponding calendar quarters in 2019.
The System has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The System has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
As outlined in the May 2023 OMB Compliance Supplement, the amounts reported in the accompanying SEFA related to the Provider Relief Fund and American Rescue Plan Rural Distribution (“PRF”), Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the Health Resources and Services Administration (“HRSA”). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on January 1, 2020 and extends through specified deadlines, as indicated below: The accompanying SEFA includes those qualifying expenditures and lost revenues that were reported in the HRSA PRF portal for Periods 3 and 4. During fiscal year 2022, the System received approximately $7,623,000 in PRF distributions and recognized the entire amount as other operating revenues. Lost revenues are reported based on the HRSA Option 1 reporting of lost revenues by comparing actual revenues by calendar quarter during the period of availability to the actual revenues for the corresponding calendar quarters in 2019.
The System has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.