Notes to SEFA
Title: Note 4 - Community Facilities Loan Program
Accounting Policies: Note 1 - Basis of Presentation
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the Mahaska County Hospital d/b/a Mahaska Health Partnership (Partnership) under programs of the federal government for the year ended June 30, 2023. The information 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 (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Partnership, it is not intended to and does not present the statement of net position, statement of revenue, expenses and changes in net position, and statement of cash flows of the Partnership.
Note 2 - Summary of Significant Accounting Policies
Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: Note 3 - Indirect Cost Rate
The Partnership does not draw for indirect administrative expenses and has not elected to use the 10% de minimis cost rate.
Expenditures reported in this schedule under the US. Department of Agriculture (USDA) Rural Development Program Community Facilities Loans and Grants consist of the beginning of the year outstanding loan balance. The outstanding balance at June 30, 2023 for the USDA loans was $17,905,878.
Title: Note 5 - Provider Relief Fund and American Rescue Plan Rural Distribution
Accounting Policies: Note 1 - Basis of Presentation
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the Mahaska County Hospital d/b/a Mahaska Health Partnership (Partnership) under programs of the federal government for the year ended June 30, 2023. The information 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 (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Partnership, it is not intended to and does not present the statement of net position, statement of revenue, expenses and changes in net position, and statement of cash flows of the Partnership.
Note 2 - Summary of Significant Accounting Policies
Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: Note 3 - Indirect Cost Rate
The Partnership does not draw for indirect administrative expenses and has not elected to use the 10% de minimis cost rate.
The Partnership received amounts from the U.S. Department of Health and Human Services (HHS) through the Provider Relief Fund and American Rescue Plan Rural Distribution (PRF) program (Federal Financial Assistance Listing #93.498) in the amount of $7,445,368 through June 30, 2023. The PRF expenditures are not recognized on the schedule until the expenditures are included in the reporting to HHS as required under the PRF program.
The following summarizes the PRF program and the timing of when the amounts were recognized in the financial statements. See "Notes to the SEFA" for the chart/table.