Title: A. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Hendry Regional Medical Center (Medical Center) and is presented on the accrual basis of accounting. 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 Audits. Some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the Medical Center’s operations, it is not intended to and does not present the financial position or changes in net position the Medical Center. The Medical Center has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance. Grant monies received and distributed by the Medical Center are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. The Medical Center does not believe that such allowances, if any, would have a material effect on the financial position of the Medical Center. As of February 23, 2024, there were no material questioned or disallowed costs as a result of grant audits in process or completed. The Medical Center reported awards related to the Provider Relief Fund (“PRF”) on the accompanying schedule of expenditures of federal awards. The PRF expenditures are presented based on the Reporting Period 4 regarding payments received from July 1, 2022 to December 31, 2022. There were no expenditures for Reporting Period 5, which would have also been included on the accompanying schedule of expenditures of federal awards. The Medical Center reported $0 in donated, federally funded personal protective equipment.
De Minimis Rate Used: N
Rate Explanation: The Medical Center has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal
grant activity of Hendry Regional Medical Center (Medical Center) and is presented
on the accrual basis of accounting. 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 Audits . Some amounts presented in this schedule may
differ from amounts presented in, or used in the preparation of, the basic financial
statements. Because the schedule presents only a selected portion of the Medical
Center’s operations, it is not intended to and does not present the financial position
or changes in net position the Medical Center. The Medical Center has elected not
to use the 10 percent de minimus indirect cost rate allowed under the Uniform
Guidance.
Title: B. Contingencies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Hendry Regional Medical Center (Medical Center) and is presented on the accrual basis of accounting. 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 Audits. Some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the Medical Center’s operations, it is not intended to and does not present the financial position or changes in net position the Medical Center. The Medical Center has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance. Grant monies received and distributed by the Medical Center are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. The Medical Center does not believe that such allowances, if any, would have a material effect on the financial position of the Medical Center. As of February 23, 2024, there were no material questioned or disallowed costs as a result of grant audits in process or completed. The Medical Center reported awards related to the Provider Relief Fund (“PRF”) on the accompanying schedule of expenditures of federal awards. The PRF expenditures are presented based on the Reporting Period 4 regarding payments received from July 1, 2022 to December 31, 2022. There were no expenditures for Reporting Period 5, which would have also been included on the accompanying schedule of expenditures of federal awards. The Medical Center reported $0 in donated, federally funded personal protective equipment.
De Minimis Rate Used: N
Rate Explanation: The Medical Center has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
Grant monies received and distributed by the Medical Center are for specific
purposes and are subject to review by the grantor agencies. Such audits may result
in requests for reimbursement due to disallowed expenditures. The Medical Center
does not believe that such allowances, if any, would have a material effect on the
financial position of the Medical Center. As of February 23, 2024, there were no
material questioned or disallowed costs as a result of grant audits in process or
completed.
Title: C. Provider Relief Fund
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Hendry Regional Medical Center (Medical Center) and is presented on the accrual basis of accounting. 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 Audits. Some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the Medical Center’s operations, it is not intended to and does not present the financial position or changes in net position the Medical Center. The Medical Center has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance. Grant monies received and distributed by the Medical Center are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. The Medical Center does not believe that such allowances, if any, would have a material effect on the financial position of the Medical Center. As of February 23, 2024, there were no material questioned or disallowed costs as a result of grant audits in process or completed. The Medical Center reported awards related to the Provider Relief Fund (“PRF”) on the accompanying schedule of expenditures of federal awards. The PRF expenditures are presented based on the Reporting Period 4 regarding payments received from July 1, 2022 to December 31, 2022. There were no expenditures for Reporting Period 5, which would have also been included on the accompanying schedule of expenditures of federal awards. The Medical Center reported $0 in donated, federally funded personal protective equipment.
De Minimis Rate Used: N
Rate Explanation: The Medical Center has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The Medical Center reported awards related to the Provider Relief Fund (“PRF”) on
the accompanying schedule of expenditures of federal awards. The PRF
expenditures are presented based on the Reporting Period 4 regarding payments
received from July 1, 2022 to December 31, 2022. There were no expenditures for
Reporting Period 5, which would have also been included on the accompanying
schedule of expenditures of federal awards.
Title: D. Personal Protective Equipment
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Hendry Regional Medical Center (Medical Center) and is presented on the accrual basis of accounting. 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 Audits. Some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the Medical Center’s operations, it is not intended to and does not present the financial position or changes in net position the Medical Center. The Medical Center has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance. Grant monies received and distributed by the Medical Center are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. The Medical Center does not believe that such allowances, if any, would have a material effect on the financial position of the Medical Center. As of February 23, 2024, there were no material questioned or disallowed costs as a result of grant audits in process or completed. The Medical Center reported awards related to the Provider Relief Fund (“PRF”) on the accompanying schedule of expenditures of federal awards. The PRF expenditures are presented based on the Reporting Period 4 regarding payments received from July 1, 2022 to December 31, 2022. There were no expenditures for Reporting Period 5, which would have also been included on the accompanying schedule of expenditures of federal awards. The Medical Center reported $0 in donated, federally funded personal protective equipment.
De Minimis Rate Used: N
Rate Explanation: The Medical Center has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance.
The Medical Center reported $0 in donated, federally funded personal protective
equipment.