Title: Federal Student Loan Programs
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal financial assistance and federal cost-reimbursement contracts of Tufts Medicine, Inc. and affiliates (the System).Operations related to the Systems federal grant programs are included in the scope of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The federal oversight agency for the System is the Department of Health and Human Services (DHHS).Expenditures related to federal grant funds are recorded on the accrual basis of accounting. Program ClustersFor the year ended September 30, 2022, the following program clusters were identified:?Research and Development?Student Financial AssistanceMajor ProgramsMajor programs are identified in the summary of auditors results section of the schedule of findings and questioned costs.
De Minimis Rate Used: N
Rate Explanation: The System has elected not to use the 10% indirect cost rate allowed under the Uniform Guidance, and instead uses the modified total direct cost basis to determine the facilities and administrative rate. The rates used during 2022 were based on approved rates as received from DHHS.
Loans outstanding to students under federal programs at September 30, 2022, are summarized as follows: Nursing Student Loan Program $163,282 Federal Family Education loans are administered by outside financial institutions, and balances and transactions relating to these programs are not included in the Systems consolidated financial statements.
Title: Provider Relief Fund Recipients
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal financial assistance and federal cost-reimbursement contracts of Tufts Medicine, Inc. and affiliates (the System).Operations related to the Systems federal grant programs are included in the scope of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The federal oversight agency for the System is the Department of Health and Human Services (DHHS).Expenditures related to federal grant funds are recorded on the accrual basis of accounting. Program ClustersFor the year ended September 30, 2022, the following program clusters were identified:?Research and Development?Student Financial AssistanceMajor ProgramsMajor programs are identified in the summary of auditors results section of the schedule of findings and questioned costs.
De Minimis Rate Used: N
Rate Explanation: The System has elected not to use the 10% indirect cost rate allowed under the Uniform Guidance, and instead uses the modified total direct cost basis to determine the facilities and administrative rate. The rates used during 2022 were based on approved rates as received from DHHS.
During the year ended September 30, 2022, all entities under the System who received federal funding from the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution with periods of availability from July 1, 2020, through June 30, 2021 are summarized, by tax identification number (TIN), as follows:82-3315703Cardiovascular Center at Tufts Medical Center26-2057970Circle Health OB/GYN, LLC47-1122696Circle Health Urgent Care, LLC04-2103812Circle Home, Inc.04-3140938Hallmark Health Medical Associates04-2437064Hallmark Health Visting Nurse Association, Inc.04-2435675Home Health VNA, Inc.20-5671277LGH Medical Group, LLC45-2014433LGH Merrimack Valley Cardiology Associates, LLC61-1844933LGH Professional Services, LLC04-2767880MelroseWakefield Healthcare, Inc.04-3024278Merrimack Valley Hospice, Inc.04-3148395Pratt Anesthesiology Associates, Inc.04-3148397Pratt Medical and Surgical Dermatology Associates, Inc.04-2743894Pratt Medical Group, Inc.04-3148384Pratt Neurology Associates, Inc.04-3096445Pratt Neurosurgical Associates, Inc.04-3148385Pratt OB/GYN Associates, Inc.04-3148392Pratt Opthalmology Associates, Inc.20-5129051Pratt Orthopedic Associates, Inc.04-3148381Pratt Otolaryngology - Head and Neck Surgery Associates, Inc.04-3148393Pratt Pathology Associates, Inc.04-3148394Pratt Pediatric Associates, Inc.04-3148387Pratt Psychiatric Associates, Inc.13-4340840Pratt Radiation Oncology Associates of Rhode Island, Inc.04-3148389Pratt Radiation Oncology Associates, Inc.04-3148388Pratt Radiology Associates, Inc.04-3148378Pratt Rehabiliation Medicine Associates, Inc.04-3148376Pratt Surgical Associates, Inc.04-3148379Pratt Urology Associates, Inc.04-2103590The Lowell General Hospital04-3400617Tufts Medical Center, Inc. 47-3046563 Tufts Medical Center Community Care Inc.
Title: Donated Medical Equipment (Unaudited)
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal financial assistance and federal cost-reimbursement contracts of Tufts Medicine, Inc. and affiliates (the System).Operations related to the Systems federal grant programs are included in the scope of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The federal oversight agency for the System is the Department of Health and Human Services (DHHS).Expenditures related to federal grant funds are recorded on the accrual basis of accounting. Program ClustersFor the year ended September 30, 2022, the following program clusters were identified:?Research and Development?Student Financial AssistanceMajor ProgramsMajor programs are identified in the summary of auditors results section of the schedule of findings and questioned costs.
De Minimis Rate Used: N
Rate Explanation: The System has elected not to use the 10% indirect cost rate allowed under the Uniform Guidance, and instead uses the modified total direct cost basis to determine the facilities and administrative rate. The rates used during 2022 were based on approved rates as received from DHHS.
During the year ended September 30, 2022, the System did not receive any donated medical equipment from a federal awarding agency.
Title: FEDERAL PERKINS LOAN PROGRAM CLOSEOUT
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal financial assistance and federal cost-reimbursement contracts of Tufts Medicine, Inc. and affiliates (the System).Operations related to the Systems federal grant programs are included in the scope of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The federal oversight agency for the System is the Department of Health and Human Services (DHHS).Expenditures related to federal grant funds are recorded on the accrual basis of accounting. Program ClustersFor the year ended September 30, 2022, the following program clusters were identified:?Research and Development?Student Financial AssistanceMajor ProgramsMajor programs are identified in the summary of auditors results section of the schedule of findings and questioned costs.
De Minimis Rate Used: N
Rate Explanation: The System has elected not to use the 10% indirect cost rate allowed under the Uniform Guidance, and instead uses the modified total direct cost basis to determine the facilities and administrative rate. The rates used during 2022 were based on approved rates as received from DHHS.
As of September 23, 2021, the System began the process of liquidating their Federal Perkins Loan Program participation. As part of that process, all loans were assigned as of September 20, 2022.The last time that the System returned funds to the Department of Education for the Federal Perkins Loan Program was on January 13, 2022 in the amount of $7,095. When all accounts were assigned in September 2022, there was no cash on hand related to the program. All required liquidation and closeout procedures have been completed.