Notes to SEFA
Title: Provider Relief Fund and American Rescue Plan Rural Distribution Program
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal award activity of South Peninsula Hospital under programs of the federal government forthe year ended June 30, 2022. The information in this Schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of South PeninsulaHospital, it is not intended to and does not present the financial position, changes in net positionor cash flows of South Peninsula Hospital. 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 total PRF Program expenditures on the Schedule includes $115,664 of out-of-periodexpenditures and $913,389 of lost revenues which are reported in accordance with the terms andconditions included in the Health Resources and Services Administration (HRSA) Post-PaymentNotice of Reporting Requirements specific to the PRF Program.