Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting with the exception of expenditures associated with the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) and the expenditures associated with Disaster Grants - Public Assistance (Presidentially Declared Disasters). Such expenditures 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. Pass-through entity identifying numbers are presented where available. PRF expenditures are reported based upon the timing of reporting periods in accordance with guidance provided by the Health Resources and Services Administration. Expenditures related to disaster grants are reported when MWHC has expended the necessary funds and the Federal Emergency Management Agency (FEMA) has approved the expenditures for reimbursement. Expenditures on the Schedule that occurred prior to the reporting period and approved by FEMA during the reporting period were $24,145,474.
De Minimis Rate Used: N
Rate Explanation: MWHC has not elected to use the 10% de minimus indirect rate allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Mary Washington Healthcare and Subsidiaries (MWHC) under programs of the federal government for the year ended December 31, 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 MWHC, it is not intended to and does not present the financial position, changes in net assets or cash flows of MWHC.