Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Hendrick has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Hendrick Health (Hendrick) under programs of the federal government for the year ended August 31, 2023. The information in this Schedule 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). Because the Schedule presents only a selected portion of the operations of Hendrick, it is not intended to and does not present the financial position, changes in net assets or cash flows of Hendrick.
This schedule includes the expenditures of the following entities:
1.) Hendrick Medical Center (TIN 75-0827446)
2.) Hendrick Surgery Center, LLC (TIN 81-1804826)
3.) Hendrick Southwestern Health Development Corporation (TIN 75-1598794)
4.) Hendrick Hospice Care, Inc. (TIN 75-1835287)
5.) Hendrick Anesthesia Network (TIN 75-2728889)
6.) HPN RO Billing Services, LLC (TIN 81-3892121)
7.) Hendrick Provider Network (75-2660403)
8.) Hendrick Medical Center Brownwood (TIN 85-1941193)
9.) Hendrick Dialysis Center, LLC (TIN 83-4206582)
10.) Texas Midwest Surgery Center, LLC (TIN 75-2800127)
Title: Federal Loan Programs
Accounting Policies: 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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Hendrick has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Hendrick did not have any federal loan programs during the year ended August 31, 2023.
Title: Personal Protective Equipment (Unaudited)
Accounting Policies: 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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Hendrick has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
For the year ended August 31, 2023, Hendrick received $0 in federally donated personal protective equipment in response to the COVID-19 pandemic (unaudited).
Title: FEMA Expenditures
Accounting Policies: 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. Negative amounts, if any, shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Hendrick has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Non-federal entities must record expenditures for Federal Emergency Agency (FEMA) projects on the Schedule when: 1) FEMA has approved the non-federal entity’s project worksheet and, 2) the nonfederal entity has incurred eligible expenditures. The 2023 expenditures for Federal Assistance Listing Number 97.036 were incurred by Hendrick prior to fiscal year 2023 and the project worksheet was approved in fiscal year 2023.