Notes to SEFA
Title: Loans Outstanding
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of Medical University Hospital Authority (the Authority) and is prepared using the accrual basis of
accounting. This 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). Therefore, some amounts in the Schedule may
differ from amounts presented in or used in the preparation of the Authority’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
The Authority had the following outstanding loan balances under the Mortgage Insurance Hospitals
program at June 30, 2023, which are included as program expenditures in the Schedule:
Title: Provider Relief Funding (PRF)
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant
activity of Medical University Hospital Authority (the Authority) and is prepared using the accrual basis of
accounting. This 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). Therefore, some amounts in the Schedule may
differ from amounts presented in or used in the preparation of the Authority’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: N/A
COVID-19 Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (AL #93.498)
represents total expenditures and/or lost revenues from the Period 4 and 5 report submissions to the PRF
Reporting Portal. Period 4 is based on payments received from July 1, 2021 through December 31, 2021,
with a period of availability of expenses and/or lost revenue from January 1, 2020 through December 31,
2022. Period 5 is based on payments received from January 1, 2022 through June 30, 2022, with a period
of availability of expenses and/or lost revenue from January 1, 2020 through June 30, 2023.