Audit 28072

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Penobscot Valley Hospital and Subsidiary under programs of the federal government for the year ended December31, 2022. The information in this Schedule is presented in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Penobscot Valley Hospital and Subsidiary, it is not intended to and does not present the financial position, changes in net assets (deficit) or cash flows of Penobscot Valley Hospital and Subsidiary. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures 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. For the U.S Department of Health and Human Services (HHS) awards related to the Provider Relief Fund (PRF) program, HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirements of the HHS Health Resources and Services Administration (HRSA) PRF Reporting Portal. Payments from HHS for PRF are assigned to Payment Received Periods (each, a Period) based upon the date each PRF payment was received. Each Period has a specified Period of Availability and timing of reporting requirements. Entities report into the HRSA PRF Reporting Portal after each Periods deadline to use the funds (i.e., after the end of the Period of Availability).The amount reported in the Schedule for PRF (including both expenditures and lost revenue) is based upon the amount received from HHS in Period 4 (July 1, 2021 to December 31, 2021) in total, in accordance with HHS guidance. The amount reported in the Schedule for the Testing for Rural Health Clinics was received, expensed, and reported for quarter two of 2021 in the Period 4 reporting. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 3566436.