Audit 308786

Title: Basis of Accounting Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Madison Memorial Hospital and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements Uniform Guidance. Therefore, some of the amounts presented in this schedule may differ from amounts presented or used in the preparation of the financial statements. The accompanying Schedule of Expenditure of Federal Awards is presented using the cost principles from Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance Administrative Requirements, Subpart E Cost Principles. De Minimis Rate Used: N Rate Explanation: Madison Memorial Hospital did not elect to use the 10% de minimus indirect cost rate from Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance Administrative Requirements, Subpart E Cost Principles. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Madison Memorial Hospital and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements Uniform Guidance. Therefore, some of the amounts presented in this schedule may differ from amounts presented or used in the preparation of the financial statements.

Title: Cost Principles Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Madison Memorial Hospital and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements Uniform Guidance. Therefore, some of the amounts presented in this schedule may differ from amounts presented or used in the preparation of the financial statements. The accompanying Schedule of Expenditure of Federal Awards is presented using the cost principles from Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance Administrative Requirements, Subpart E Cost Principles. De Minimis Rate Used: N Rate Explanation: Madison Memorial Hospital did not elect to use the 10% de minimus indirect cost rate from Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance Administrative Requirements, Subpart E Cost Principles. The accompanying Schedule of Expenditure of Federal Awards is presented using the cost principles from Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance Administrative Requirements, Subpart E Cost Principles.