Title: Loan/loan guarantee outstanding balances
Accounting Policies: (1)Summary of Significant Accounting Policies The following is a summary of significant accounting policies relating to RWJ Barnabas Health, Inc. (the Corporation) Federal and State of New Jersey grant programs.(a)Basis of Presentation The accompanying supplementary schedules of expenditures of Federal and State of New Jersey awards and actual expenditures for State of New Jersey Department of Health grants (the Schedules) includes the Federal and State of New Jersey award activity of the Corporation under programs of the Federal government and State of New Jersey and is presented on the accrual basis of accounting, except for the following grants:?Grants presented on the modified accrual basis of accounting: Mental Health Services PESS (20305)Mental Health Screening (30201, Assistance Listing Number (ALN)) (93.958)Mental Health Services (20204)Mental Health Services PESS (20402)Mental Health Services (20404)Mental Health Screening (30225)Block Grants DMHAS For Community Mental Health (10106, ALN 93.958)PATH DMHAS For Homelessness (10106, ALN 93.150)?Grants presented on a fee for service basis of accounting: Mental Health Fee For Service (FFS 10102)Mental Health Fee For Service (FFS 10106)Early Intervention Program (04 2163 EIP H 0)?COVID 19 Testing for the Uninsured (ALN 93.461) is presented based on the date of service performed on or prior to December 31, 2022 and for the eligible patients that the Hospital received payments from U.S. Department of Health and Human Services. ?Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (CDBG DR) Energy Resilience Bank Program (ALN 14.269) is presented based on the reimbursement amount requested and approved by the State of New Jersey. ?Housing Opportunities for Persons with AIDS (ALN 14.241) is presented based on the allowable expenditures paid during January 1, 2022 to December 31, 2022.?COVID 19 CARES Provider Relief (ALN 93.498) represents the total expenditures and/or lost revenues from the Period 3 and Period 4 report submissions to the PRF Reporting Portal. Period 3 is based on payments received from January 1, 2021 through June 30, 2021, with a period of availability of expenses and/or lost revenues from January 1, 2020 through June 30, 2022. Period 4 is based on payments received from July 1, 2021 to December 31, 2021, with a period of availability of expenses and/or lost revenues from January 1, 2020 through December 31, 2022, where unused expenditures and/or lost revenues from any previous periods may be applied for funds. The information in these Schedules 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), and State of New Jersey OMB 15 08, Single Audit Policy for Recipients of Federal Grants, State Grants, and State Aid. Therefore, some amounts presented in the Schedules may differ from amounts presented in, or used in the preparation of, the Corporations consolidated financial statements. Because the Schedules present only a selected portion of the operations of the Corporation, it is not intended to and does not present the consolidated balance sheet, changes in net assets, or cash flows of the Corporation.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
On October 30, 2018, the Corporation entered into a Subrecipient New Jersey Energy Resiliency Bank Funding Agreement with the New Jersey Economic Development Authority (the Authority). The Authority has agreed to provide funding for the development of a new combined heat and power system on the campus of the Hospital. The maximum project cost is estimated to be $61.5 million, across five hospitals. The funding of this project consists of a pass through Federal grant portion of $41.5 million and Federal loan proceeds of $20.0 million from the Hurricane Sandy Community Development Block Grant Disaster Recovery Grant (CDBG DR) (ALN 14.269) from the Authority. The funding also consists of loans of $0.6 million from Public Service Enterprise Group, which are neither Federal nor State of New Jersey funding. The total expenditures incurred for the project were $6,411,711 for the year ended December 31, 2022, which is reported on the Schedule of Expenditures of Federal Awards (SEFA). Out of the total expenditures, $4,238,888 is related to the grant portion of the program. The remaining expenditures are funded through the Corporations draw down of the Federal loan proceeds of $2,172,823 in the current year. No repayment was made on the Federal loan for the year ended December 31, 2022. The outstanding loan balance for the CDBG DR Energy Resilience Bank Program (ALN 14.269) is $7,497,743 as of December 31, 2022.
Title: Subrecipients
Accounting Policies: (1)Summary of Significant Accounting Policies The following is a summary of significant accounting policies relating to RWJ Barnabas Health, Inc. (the Corporation) Federal and State of New Jersey grant programs.(a)Basis of Presentation The accompanying supplementary schedules of expenditures of Federal and State of New Jersey awards and actual expenditures for State of New Jersey Department of Health grants (the Schedules) includes the Federal and State of New Jersey award activity of the Corporation under programs of the Federal government and State of New Jersey and is presented on the accrual basis of accounting, except for the following grants:?Grants presented on the modified accrual basis of accounting: Mental Health Services PESS (20305)Mental Health Screening (30201, Assistance Listing Number (ALN)) (93.958)Mental Health Services (20204)Mental Health Services PESS (20402)Mental Health Services (20404)Mental Health Screening (30225)Block Grants DMHAS For Community Mental Health (10106, ALN 93.958)PATH DMHAS For Homelessness (10106, ALN 93.150)?Grants presented on a fee for service basis of accounting: Mental Health Fee For Service (FFS 10102)Mental Health Fee For Service (FFS 10106)Early Intervention Program (04 2163 EIP H 0)?COVID 19 Testing for the Uninsured (ALN 93.461) is presented based on the date of service performed on or prior to December 31, 2022 and for the eligible patients that the Hospital received payments from U.S. Department of Health and Human Services. ?Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (CDBG DR) Energy Resilience Bank Program (ALN 14.269) is presented based on the reimbursement amount requested and approved by the State of New Jersey. ?Housing Opportunities for Persons with AIDS (ALN 14.241) is presented based on the allowable expenditures paid during January 1, 2022 to December 31, 2022.?COVID 19 CARES Provider Relief (ALN 93.498) represents the total expenditures and/or lost revenues from the Period 3 and Period 4 report submissions to the PRF Reporting Portal. Period 3 is based on payments received from January 1, 2021 through June 30, 2021, with a period of availability of expenses and/or lost revenues from January 1, 2020 through June 30, 2022. Period 4 is based on payments received from July 1, 2021 to December 31, 2021, with a period of availability of expenses and/or lost revenues from January 1, 2020 through December 31, 2022, where unused expenditures and/or lost revenues from any previous periods may be applied for funds. The information in these Schedules 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), and State of New Jersey OMB 15 08, Single Audit Policy for Recipients of Federal Grants, State Grants, and State Aid. Therefore, some amounts presented in the Schedules may differ from amounts presented in, or used in the preparation of, the Corporations consolidated financial statements. Because the Schedules present only a selected portion of the operations of the Corporation, it is not intended to and does not present the consolidated balance sheet, changes in net assets, or cash flows of the Corporation.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Corporation did not pass any amounts through to subrecipients for the year ended December 31, 2022.