Notes to SEFA
Title: Note 1 – Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized when incurred. 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. The Medical Center has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Medical Center has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Yuma Regional Medical Center and Affiliates (the Medical Center) under programs of the federal government for the year ended September 30, 2023. The information in the Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) 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 the Medical Center, it is not intended to and does not present the consolidated balance sheets, statements of operations, changes in net assets, or cash flows of the Medical Center.
The Medical Center’s reporting entity is defined in Note 1 of the consolidated financial statements and has the Tax Identification Number (TIN) 86-6007596, which is the TIN the Medical Center included in the reporting of the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) Program for reporting Period 4 and Reporting Period 5. All federal awards from federal agencies are included in the Schedule.
Title: Note 3 – Provider Relief Fund
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Under the accrual basis of accounting, expenditures are recognized when incurred. 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. The Medical Center has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Medical Center has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
In accordance with guidance from the U.S. Department of Health and Human Services (HHS), the Medical Center included the Reporting Period 4 and 5 expenditures for Provider Relief Fund, Assistance Listing No. 93.498 of $3,235,158 in the Schedule for the year ended September 30, 2023, to align with HHS reporting guidelines. In accordance with accounting principles generally accepted in the United States (GAAP), the total amount of $3,235,158 of Provider Relief Fund assistance received by the Medical Center was recognized as revenue during the year ended September 30, 2022, and is included in beginning net assets as of and for the year ended September 30, 2023. No funds were remaining from the Period 4 and 5 funding periods.