Notes to SEFA
Title: (1) Basis of Presentation
Accounting Policies: (1) Basis of Presentation, (2) Summary of Significant Accounting Policies, (3) Indirect Cost Rate, and (4) Personal Protective Equipment Receipts (unaudited).
De Minimis Rate Used: Y
Rate Explanation: The Medical Center has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Harborview Medical Center (the Medical Center) under programs of the federal government for
the year ended June 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 (2 CFR 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 the Medical Center, it is not intended to
and does not present the statements of net position, statements of revenues, expenses, and changes in
net position, or cash flows of the Medical Center.
Title: (2) Summary of Significant Accounting Policies
Accounting Policies: (1) Basis of Presentation, (2) Summary of Significant Accounting Policies, (3) Indirect Cost Rate, and (4) Personal Protective Equipment Receipts (unaudited).
De Minimis Rate Used: Y
Rate Explanation: The Medical Center has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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. Negative amounts shown on the
Schedule represent adjustments or credits made in the normal course of business to amounts reported as
expenditures in prior years.
Title: (3) Indirect Cost Rate
Accounting Policies: (1) Basis of Presentation, (2) Summary of Significant Accounting Policies, (3) Indirect Cost Rate, and (4) Personal Protective Equipment Receipts (unaudited).
De Minimis Rate Used: Y
Rate Explanation: The Medical Center has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Medical Center has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: (4) Personal Protective Equipment Receipts (unaudited)
Accounting Policies: (1) Basis of Presentation, (2) Summary of Significant Accounting Policies, (3) Indirect Cost Rate, and (4) Personal Protective Equipment Receipts (unaudited).
De Minimis Rate Used: Y
Rate Explanation: The Medical Center has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Medical Center has not received any donated personal protective equipment (PPE).