Title: BASIS OF PRESENTATION
Accounting Policies: Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Foundation and is presented on the accrual basis of accounting. The information in this
Schedule is presented in accordance with the cost principles requirements of the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from the
amounts presented in, or used in the preparation of, the basic financial statements. The
amounts presented in this Schedule have been reconciled to the Foundation’s basic
financial statements
Cost Allocation: The Foundation has elected to use the 10% de minimis indirect cost rate
when applicable to federal grants.
Program Costs/Matching Contributions: The amounts shown as current year expenses
represent the federal grant portion of the program costs. Entire program costs, including
the Foundation’s portion, may be more than shown.
De Minimis Rate Used: Y
Rate Explanation: The Foundation has elected to use the 10% de minimis indirect cost rate when applicable to federal grants
The schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of MHA Health, Research, and Education Foundation, Inc. (the Foundation) under
programs of the federal government for the year ended June 30, 2023.
The information in this Schedule has classified all awards into major and nonmajor
programs 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 (Uniform Guidance). Major programs include the
following:
U.S. Department of Health and Human Services – Hospital Preparedness Grant
U.S. Department of Health and Human Services – Pass through Mississippi Department of
Health – ASPR Hospital Preparedness Grant
Fiscal Period Audited: Single audit testing procedures were performed for program
transactions that occurred during the fiscal year ended June 30, 2023.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Foundation and is presented on the accrual basis of accounting. The information in this
Schedule is presented in accordance with the cost principles requirements of the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from the
amounts presented in, or used in the preparation of, the basic financial statements. The
amounts presented in this Schedule have been reconciled to the Foundation’s basic
financial statements
Cost Allocation: The Foundation has elected to use the 10% de minimis indirect cost rate
when applicable to federal grants.
Program Costs/Matching Contributions: The amounts shown as current year expenses
represent the federal grant portion of the program costs. Entire program costs, including
the Foundation’s portion, may be more than shown.
De Minimis Rate Used: Y
Rate Explanation: The Foundation has elected to use the 10% de minimis indirect cost rate when applicable to federal grants
Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Foundation and is presented on the accrual basis of accounting. The information in this
Schedule is presented in accordance with the cost principles requirements of the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from the
amounts presented in, or used in the preparation of, the basic financial statements. The
amounts presented in this Schedule have been reconciled to the Foundation’s basic
financial statements
Cost Allocation: The Foundation has elected to use the 10% de minimis indirect cost rate
when applicable to federal grants.
Program Costs/Matching Contributions: The amounts shown as current year expenses
represent the federal grant portion of the program costs. Entire program costs, including
the Foundation’s portion, may be more than shown.
Title: OTHER NONCASH ASSISTANCE
Accounting Policies: Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Foundation and is presented on the accrual basis of accounting. The information in this
Schedule is presented in accordance with the cost principles requirements of the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from the
amounts presented in, or used in the preparation of, the basic financial statements. The
amounts presented in this Schedule have been reconciled to the Foundation’s basic
financial statements
Cost Allocation: The Foundation has elected to use the 10% de minimis indirect cost rate
when applicable to federal grants.
Program Costs/Matching Contributions: The amounts shown as current year expenses
represent the federal grant portion of the program costs. Entire program costs, including
the Foundation’s portion, may be more than shown.
De Minimis Rate Used: Y
Rate Explanation: The Foundation has elected to use the 10% de minimis indirect cost rate when applicable to federal grants
The Foundation did not receive federal noncash assistance during the year ended June 30,
2023.
Title: AMOUNTS OF FEDERAL INSURANCE IN EFFECT DURING THE YEAR
Accounting Policies: Basis of Accounting: The accompanying Schedule includes the federal grant activity of the
Foundation and is presented on the accrual basis of accounting. The information in this
Schedule is presented in accordance with the cost principles requirements of the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement. Therefore, some amounts presented in this schedule may differ from the
amounts presented in, or used in the preparation of, the basic financial statements. The
amounts presented in this Schedule have been reconciled to the Foundation’s basic
financial statements
Cost Allocation: The Foundation has elected to use the 10% de minimis indirect cost rate
when applicable to federal grants.
Program Costs/Matching Contributions: The amounts shown as current year expenses
represent the federal grant portion of the program costs. Entire program costs, including
the Foundation’s portion, may be more than shown.
De Minimis Rate Used: Y
Rate Explanation: The Foundation has elected to use the 10% de minimis indirect cost rate when applicable to federal grants
No federal insurance was received by the Foundation during the year ended June 30, 2023.