Notes to SEFA
Title: Footnote
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Hospital received amounts from DHHS through the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution program (Federal Financial Assistance Listing No. 93.498) during the year ended December 31, 2021 totaling $2,819,938. The Hospital incurred eligible expenses (including lost revenue) and, therefore, recognized revenue consisting of $2,735,176 for the year ended December 31, 2021 on the consolidated financial statements. In accordance with the 2022 compliance supplement, the programs expenditures recognized on the schedule are based on the reporting to DHHS for Period 3, defined as payments received during January 1, 2021 to June 30, 2021 of $84,762 and DHHS Period 4, defined as payments received during July 1, 2021 to December 31, 2021 of $2,735,176.