Notes to SEFA
Title: Loan/loan guarantee outstanding balances
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: The auditee did not use the de minimis cost rate.
The Authority had the following outstanding loan balances under the Mortgage Insurance Hospitals at June 30, 2022, which are included as program expenditures in the Schedule: Federal AmountProgram title AL # outstandingMortgage Insurance Hospitals FHA Section 242 14.128 $ 592,449,702Mortgage Insurance Hospitals FHA Section 223(f) 14.128 124,401,830
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: The auditee did not use the de minimis cost rate.
COVID-19 Provider Relief Fund (AL #93.498) represents total expenditures and/or lost revenues from the Period 2 and 3 report submissions to the PRF Reporting Portal. Period 2 is based on payments received from July 1, 2020 through December 31, 2020, with a period of availability of expenses and/or lost revenue from January 1, 2020 through December 31, 2021. Period 3 is based on payments received from January 1, 2021 through June 30, 2021, with a period of availability of expenses and/or lost revenue fromJanuary 1, 2020 through June 30, 2022.