Notes to SEFA
Title: Basis of Presentation
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule arereported on the accrual basis of accounting and are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reportedon the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, andamounts reported in the PRF portal for the reporting period 3 and reporting period 4.
De Minimis Rate Used: N
Rate Explanation: TriState Memorial Hospital, Inc. and Subsidiaries has elected not to use the 10percent de minimis indirect costrate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of TriState Memorial Hospital, Inc. and Subsidiaries. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of TriState Memorial Hospital, Inc. and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets, or cash flows of TriState Memorial Hospital, Inc. and Subsidiaries.
Title: Subrecipients
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule arereported on the accrual basis of accounting and are recognized following the cost principles contained in theUniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reportedon the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, andamounts reported in the PRF portal for the reporting period 3 and reporting period 4.
De Minimis Rate Used: N
Rate Explanation: TriState Memorial Hospital, Inc. and Subsidiaries has elected not to use the 10percent de minimis indirect costrate allowed under the Uniform Guidance.
TriState Memorial Hospital, Inc. and Subsidiaries passed no federal awards through to subrecipients.