Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Note 2: Summary of Significant Accounting Policies
With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portal for the reporting periods 2 and 3.
De Minimis Rate Used: N
Rate Explanation: Note 3: Indirect Cost
The Hospital did not elect to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance on Provider Relief Funds.
The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of Good Shepherd Health Care System (the “Hospital”). 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 Hospital, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Hospital.
Title: Note 4: Subrecipients
Accounting Policies: Note 2: Summary of Significant Accounting Policies
With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portal for the reporting periods 2 and 3.
De Minimis Rate Used: N
Rate Explanation: Note 3: Indirect Cost
The Hospital did not elect to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance on Provider Relief Funds.
The Hospital passed no federal awards through to subrecipients.
Title: Note 5: Interest Earned on Provider Relief Funds
Accounting Policies: Note 2: Summary of Significant Accounting Policies
With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portal for the reporting periods 2 and 3.
De Minimis Rate Used: N
Rate Explanation: Note 3: Indirect Cost
The Hospital did not elect to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance on Provider Relief Funds.
PRF expenditures reported on the Schedule included $18,883 of interest earned on PRF proceeds and used for allowable purposes.