Notes to SEFA
Title: Subrecipients
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 not limited as to reimbursement.
Pass-through identifying numbers are presented when available.
The Organization has elected not to use the 10% de minimis indirect costs rate as allowed under the Uniform Guide.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect costs rate as allowed under the Uniform Guide.
No awards were provided to subrecipients.
Title: Contingencies
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 not limited as to reimbursement.
Pass-through identifying numbers are presented when available.
The Organization has elected not to use the 10% de minimis indirect costs rate as allowed under the Uniform Guide.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect costs rate as allowed under the Uniform Guide.
In connection with various federal grant programs, the Hospital is obligated to administer related programs and spend the funds in accordance with regulatory restrictions and is subject to audit by grantor agencies and other auditors. In cases of noncompliance, the agencies involved may require the Hospital to refund program funds.
Title: Provider Relief Funds
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 not limited as to reimbursement.
Pass-through identifying numbers are presented when available.
The Organization has elected not to use the 10% de minimis indirect costs rate as allowed under the Uniform Guide.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect costs rate as allowed under the Uniform Guide.
Expenditures reported on the schedule of expenditures and federal awards is based on the latest guidance of qualifying expenditures and calculated lost revenues during fiscal year ended June 30, 2023. Fulton County Hospital had until March 31, 2023, to submit Provider Relief Fund reporting for period 4. Their report was successfully submitted.