Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the SEFA) includes the federal award activity of Stillwater Medical Center Authority d/b/a Stillwater Medical Center, a component unit of the City of Stillwater, Oklahoma (the Authority), under programs of the federal government for the year ended December 31, 2022. The information in the SEFA 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 the Authority, it is not intended to and does not present the financial position, revenues, expenses, and changes in net position, or cash flows of the Authority.
Title: Subrecipients
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Authority did not provide any federal awards to subrecipients during the year ended December 31, 2022.
Title: Provider Relief Funds (#93.498)
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures under Catalog of Federal Domestic Assistance #93.498, Provider Relief Fund (PRF) applies the guidance of the U.S. Department of Health and Human Services (HHS). For the PRF award program, the amount reported in the accompanying schedule is reported based on the PRF portal submission guidelines. Payments from HHS for the PRF award program are assigned to one of seven payment received periods based upon the date each payment from the PRF award program was received. Each period has a specified period of availability and timing of reporting requirements. The accompanying schedule includes those qualifying expenditures and/or lost revenues that were reported in the PRF award program portal for periods 3 and 4 (payment received period from January 1, 2021 to June 30, 2021 and July 1, 2021 to December 31, 2021, respectively; and periods of availability from January 1, 2020 to June 30, 2022 and January 1, 2020 to December 31, 2022, respectively). As such, the amount reported in the accompanying schedule will differ from amounts reported in the accompanying statements of revenues, expenses, and changes in net position.