Notes to SEFA
Title: Note 4 - Community Facilities Loan Program
Accounting Policies: Note 1 - The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Grape Community Hospital, Inc. d/b/a George C. Grape Community Hospital (the Hospital), under programs of the federal government for the year ended September 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 Hospital, it is not intended to and does not present the financial position, changes in net assets or cash flows of Hospital.
Note 2 - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Hospital 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 U.S. Department of Agriculture (USDA) Rural Development Program Community Facilities Loans and Grants consist of the beginning of the year outstanding loan balance. There were no loan advances during the year. The outstanding balance at September 30, 2023 for the USDA loan was $517,096.
Title: Note 5 - Provider Relief Funds and American Rescue Plan (ARP)
Accounting Policies: Note 1 - The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Grape Community Hospital, Inc. d/b/a George C. Grape Community Hospital (the Hospital), under programs of the federal government for the year ended September 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 Hospital, it is not intended to and does not present the financial position, changes in net assets or cash flows of Hospital.
Note 2 - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Hospital does not draw for indirect administrative expenses and has not elected to use the 10% de minimis cost rate.
The Hospital 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 $3,948,981 as of September 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.