Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (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. Meridian Health Services Corp (Corporation) has
elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award
activity of Meridian Health Services Corp (Corporation) under programs of the federal government for the year ended June 30, 2023.
The information in this 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 (Uniform Guidance). Because the Schedule presents only a selected
portion of the operations of the Corporation, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of the Corporation.
Title: Amounts Passed Through to Subrecipients
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (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. Meridian Health Services Corp (Corporation) has
elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Corporation did not pass through any federal awards to subrecipients during 2023.
Title: Provider Relief Funds
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (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. Meridian Health Services Corp (Corporation) has
elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Under terms and conditions of the Provider Relief Funds (PRF) under the Coronavirus Aids, Relief, and
Economic Security (CARES) Act and the American Rescue Plan Act (ARP), the Corporation is required to
report Coronavirus Disease 2019 (COVID-19) related expenses and lost revenue to the U.S. Department of
Health and Human Services (HHS). Guidance from HHS has required the reporting of the COVID-19
related expenses and lost revenue in certain reporting periods based on when the funds were received.
The 2023 Schedule includes PRF under ARP of approximately $1,178,000 which was received by the
Corporation during fiscal year 2022. The Corporation recognized this amount as grant revenue in its 2022
statement of activities and changes in net assets as the terms and conditions of the PRF grant were
satisfied by the Corporation during 2022. HHS requires these PRF amounts be reported on the 2023
Schedule rather than the 2022 Schedule.
Title: Fair Market Value of Donated Person Protective Equipment (Unaudited)
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (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. Meridian Health Services Corp (Corporation) has
elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Corporation has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
During 2023, the Corporation did not receive donated personal protective equipment from federal
sources.