Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activityof Greater Dayton Area Hospital Association and Subsidiaries for the year ended December 31, 2022. Theinformation in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations ofGreater Dayton Area Hospital Association and Subsidiaries, it is not intended to and does not present thefinancial position, changes in net assets, or cash flows of Greater Dayton Area Hospital Association andSubsidiaries.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance wherein certain types of expendituresare not allowable or are limited as to reimbursement. Funding received is reported on the cash basis ofaccounting for supplemental disclosure purposes, as requested by the pass-through entity, and may includefunding for expenditures incurred in prior periods or funding received in advance of expenditures.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.