Notes to SEFA
Title: NOTE A 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. One Community Health has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: One Community Health has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of One Community Health under programs of the federal government for the period ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of 2 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 One Community Health, it is not intended to and does not present the financial position, changes in net assets, or cash flows of One Community Health.
Title: NOTE C 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 limited as to
reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. One Community Health has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: One Community Health has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The financial statements reflect revenue recognized from the Provider Relief Fund of $571,029 for the period ended December 31, 2022. The schedule includes Provider Relief Funds of $1,065,707 that were received in period 3, in accordance with the requirements of the compliance supplement for assistance listing number 98.498.
Title: NOTE D FEDERAL LOANS
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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. One Community Health has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: One Community Health has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
One Community Health was the recipient of funding by the United State Department of Agriculture. Balances relating to this program are included in One Community Health’s basic financial statements. The loans have continuing compliance requirements and therefore the outstanding balances are reflected on the Schedule. No new loans were issued during the period ended December 31, 2022. The balance of the loans outstanding at December 31, 2022 were $12,825,938.