Notes to SEFA
Title: Subrecipients
Accounting Policies: The Schedule of Expenditures of Federal Awards (the schedule) includes the federal awards activity of Colorado West Healthcare System d/b/a Community Hospital and Subsidiaries (the Hospital), and is presented on the accrual basis of accounting. The information in the 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. Because the schedule presents only a selected portion of the operations of the Hospital, it is not intended to and does not present the consolidated financial position, results of operations, changes in net assets, or cash flows of the Hospital.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Hospital provided no federal awards to subrecipients.
Title: The Amount Expended under the Mortgage Insurance
Accounting Policies: The Schedule of Expenditures of Federal Awards (the schedule) includes the federal awards activity of Colorado West Healthcare System d/b/a Community Hospital and Subsidiaries (the Hospital), and is presented on the accrual basis of accounting. The information in the 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. Because the schedule presents only a selected portion of the operations of the Hospital, it is not intended to and does not present the consolidated financial position, results of operations, changes in net assets, or cash flows of the Hospital.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Hospitals program represents the highest outstanding loan balances under the Hospital Note and Supplemental Hospital Note with the United States Department of Housing and Urban Development – Federal Housing Administration (HUD) during the year ended December 31, 2023. The loans are insured by HUD under section 242 of Title II of the National Housing Act and the regulations and rules thereunder. These loans had outstanding principal balances totaling $135,610,695 as of December 31, 2023.