Title: (1) Basis of Presentation
Accounting Policies: (1) Basis of Presentation. The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Bon Secours Mercy Health (the Company). The accompanying schedule is presented using 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 Awards
(Uniform Guidance). (2) Federal Student Loan Program. With respect to the Federal Student Loan Program, the Company is
only responsible for the performance of certain administrative duties related to approving and disbursing the loan and has
no ongoing responsibility for administration of the loan; therefore, the transaction and the balances of the loans
outstanding related to this program are not included in the Companys consolidated financial statements. The schedule of
expenditures of federal awards includes the amounts loaned to students during the year ended December 31, 2023. (3)
Indirect Cost. The Company has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance. (4) Personal Protective Equipment Receipts. The Company has not received donated personal protective
equipment (PPE) from various governmental entities.
De Minimis Rate Used: Y
Rate Explanation: The Company 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 includes the federal grant activity of Bon
Secours Mercy Health (the Company). The accompanying schedule is presented using 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 Awards (Uniform Guidance).
Title: (2) Federal Student Loan Program
Accounting Policies: (1) Basis of Presentation. The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Bon Secours Mercy Health (the Company). The accompanying schedule is presented using 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 Awards
(Uniform Guidance). (2) Federal Student Loan Program. With respect to the Federal Student Loan Program, the Company is
only responsible for the performance of certain administrative duties related to approving and disbursing the loan and has
no ongoing responsibility for administration of the loan; therefore, the transaction and the balances of the loans
outstanding related to this program are not included in the Companys consolidated financial statements. The schedule of
expenditures of federal awards includes the amounts loaned to students during the year ended December 31, 2023. (3)
Indirect Cost. The Company has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance. (4) Personal Protective Equipment Receipts. The Company has not received donated personal protective
equipment (PPE) from various governmental entities.
De Minimis Rate Used: Y
Rate Explanation: The Company has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
With respect to the Federal Student Loan Program, the Company is only responsible for the performance of
certain administrative duties related to approving and disbursing the loan and has no ongoing responsibility
for administration of the loan; therefore, the transaction and the balances of the loans outstanding related
to this program are not included in the Company’s consolidated financial statements. The schedule of
expenditures of federal awards includes the amounts loaned to students during the year ended
December 31, 2023.
Title: (3) Indirect Cost
Accounting Policies: (1) Basis of Presentation. The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Bon Secours Mercy Health (the Company). The accompanying schedule is presented using 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 Awards
(Uniform Guidance). (2) Federal Student Loan Program. With respect to the Federal Student Loan Program, the Company is
only responsible for the performance of certain administrative duties related to approving and disbursing the loan and has
no ongoing responsibility for administration of the loan; therefore, the transaction and the balances of the loans
outstanding related to this program are not included in the Companys consolidated financial statements. The schedule of
expenditures of federal awards includes the amounts loaned to students during the year ended December 31, 2023. (3)
Indirect Cost. The Company has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance. (4) Personal Protective Equipment Receipts. The Company has not received donated personal protective
equipment (PPE) from various governmental entities.
De Minimis Rate Used: Y
Rate Explanation: The Company has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Company has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: (4) Personal Protective Equipment Receipts
Accounting Policies: (1) Basis of Presentation. The accompanying schedule of expenditures of federal awards includes the federal grant activity of
Bon Secours Mercy Health (the Company). The accompanying schedule is presented using 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 Awards
(Uniform Guidance). (2) Federal Student Loan Program. With respect to the Federal Student Loan Program, the Company is
only responsible for the performance of certain administrative duties related to approving and disbursing the loan and has
no ongoing responsibility for administration of the loan; therefore, the transaction and the balances of the loans
outstanding related to this program are not included in the Companys consolidated financial statements. The schedule of
expenditures of federal awards includes the amounts loaned to students during the year ended December 31, 2023. (3)
Indirect Cost. The Company has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance. (4) Personal Protective Equipment Receipts. The Company has not received donated personal protective
equipment (PPE) from various governmental entities.
De Minimis Rate Used: Y
Rate Explanation: The Company has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Company has not received donated personal protective equipment (PPE) from various governmental
entities.