Title: NOTE A--BASIS OF PRESENTATION
Accounting Policies: NOTE A--BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of Maury Regional Hospital (the Hospital) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic combined financial statements.
NOTE B--SIGNIFICANT ACCOUNTING POLICIES
De Minimis Indirect Cost Rate: The Hospital has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NOTE B--SIGNIFICANT ACCOUNTING POLICIES
De Minimis Indirect Cost Rate: The Hospital 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 includes the grant activity of Maury Regional Hospital (the Hospital) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic combined financial statements.
Title: NOTE B--SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: NOTE A--BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of Maury Regional Hospital (the Hospital) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic combined financial statements.
NOTE B--SIGNIFICANT ACCOUNTING POLICIES
De Minimis Indirect Cost Rate: The Hospital has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NOTE B--SIGNIFICANT ACCOUNTING POLICIES
De Minimis Indirect Cost Rate: The Hospital has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Indirect Cost Rate: The Hospital has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE C--CONTINGENCIES
Accounting Policies: NOTE A--BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of Maury Regional Hospital (the Hospital) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic combined financial statements.
NOTE B--SIGNIFICANT ACCOUNTING POLICIES
De Minimis Indirect Cost Rate: The Hospital has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NOTE B--SIGNIFICANT ACCOUNTING POLICIES
De Minimis Indirect Cost Rate: The Hospital has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Hospital’s federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures and affect the Hospital’s continued participation in specific programs. The amount, if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the Hospital expects such amounts, if any, to be immaterial.
Title: NOTE D--PROVIDER RELIEF FUNDS
Accounting Policies: NOTE A--BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of Maury Regional Hospital (the Hospital) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic combined financial statements.
NOTE B--SIGNIFICANT ACCOUNTING POLICIES
De Minimis Indirect Cost Rate: The Hospital has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: NOTE B--SIGNIFICANT ACCOUNTING POLICIES
De Minimis Indirect Cost Rate: The Hospital has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
As discussed in Note L to the accompanying combined financial statements, the Hospital received a significant amount of funding from the Coronavirus Aid, Relief, an Economic Security Act Provider Relief Fund (PRF) program. Expenditures under this program are subject to the Uniform Guidance. In accordance with the 2023 Compliance Supplement, PRF amounts received as of June 30, 2022 are the only amounts included in the accompanying Schedule of Expenditures of Federal Awards. No PRF amounts were received during the year ended June 30, 2023