Title: (1) Summary of Significant Accounting Policies
Accounting Policies: The following is a summary of significant accounting policies relating to Yale New Haven Health Services Corporation, d/b/a Yale New Haven Health System and Subsidiaries’ (the System) federal grant programs.
(a) Basis of Presentation
The accompanying supplementary schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the System under programs of the federal government and is presented on the accrual basis of accounting, except for the following grants:
• COVID 19 Provider Relief Funds (ALN 93.498) represents the total expenditures and/or lost revenues from the Period 4 and Period 5 report submissions to the PRF Reporting Portal. Period 4 is based on payments received from July 1, 2021 through December 31, 2021 with a period of availability of expenses and/or lost revenues from January 1, 2020 through December 31, 2022. Period 5 is based on payments received from January 1, 2022 through June 30, 2022 with a period of availability of expenses and/or lost revenues from January 1, 2020 through June 30, 2023.
• COVID 19 Coronavirus Relief Fund (ALN 21.019) includes certain grants whereby the period availability for expenditures and/or lost revenues is for the period March 1, 2021 through September 30, 2023. Such grants were received by the System in fiscal 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). 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the System’s consolidated financial statements. Because the Schedule presents only a selected portion of the operations of the System, is it not intended to, and does not, present the consolidated financial position, changes in net assets, or cash flows of the System.
(b) Indirect Costs
The System has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
(c) Consolidated Reporting
Federal expenditures of the following entities are included in the accompanying Schedule for the year ended September 30, 2023:
De Minimis Rate Used: N
Rate Explanation: The System has elected not to use the 10‑percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The following is a summary of significant accounting policies relating to Yale New Haven Health Services Corporation, d/b/a Yale New Haven Health System and Subsidiaries’ (the System) federal grant programs.
(a) Basis of Presentation
The accompanying supplementary schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the System under programs of the federal government and is presented on the accrual basis of accounting, except for the following grants:
• COVID 19 Provider Relief Funds (ALN 93.498) represents the total expenditures and/or lost revenues from the Period 4 and Period 5 report submissions to the PRF Reporting Portal. Period 4 is based on payments received from July 1, 2021 through December 31, 2021 with a period of availability of expenses and/or lost revenues from January 1, 2020 through December 31, 2022. Period 5 is based on payments received from January 1, 2022 through June 30, 2022 with a period of availability of expenses and/or lost revenues from January 1, 2020 through June 30, 2023.
• COVID 19 Coronavirus Relief Fund (ALN 21.019) includes certain grants whereby the period availability for expenditures and/or lost revenues is for the period March 1, 2021 through September 30, 2023. Such grants were received by the System in fiscal 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). 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the System’s consolidated financial statements. Because the Schedule presents only a selected portion of the operations of the System, is it not intended to, and does not, present the consolidated financial position, changes in net assets, or cash flows of the System.
(b) Indirect Costs
The System has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
(c) Consolidated Reporting
Federal expenditures of the following entities are included in the accompanying Schedule for the year ended September 30, 2023:
See the Notes to the SEFA for table.
Title: (2) Food and Nutrition Awards (Assistance Listing Number 10.557)
Accounting Policies: The following is a summary of significant accounting policies relating to Yale New Haven Health Services Corporation, d/b/a Yale New Haven Health System and Subsidiaries’ (the System) federal grant programs.
(a) Basis of Presentation
The accompanying supplementary schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the System under programs of the federal government and is presented on the accrual basis of accounting, except for the following grants:
• COVID 19 Provider Relief Funds (ALN 93.498) represents the total expenditures and/or lost revenues from the Period 4 and Period 5 report submissions to the PRF Reporting Portal. Period 4 is based on payments received from July 1, 2021 through December 31, 2021 with a period of availability of expenses and/or lost revenues from January 1, 2020 through December 31, 2022. Period 5 is based on payments received from January 1, 2022 through June 30, 2022 with a period of availability of expenses and/or lost revenues from January 1, 2020 through June 30, 2023.
• COVID 19 Coronavirus Relief Fund (ALN 21.019) includes certain grants whereby the period availability for expenditures and/or lost revenues is for the period March 1, 2021 through September 30, 2023. Such grants were received by the System in fiscal 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). 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. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the System’s consolidated financial statements. Because the Schedule presents only a selected portion of the operations of the System, is it not intended to, and does not, present the consolidated financial position, changes in net assets, or cash flows of the System.
(b) Indirect Costs
The System has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
(c) Consolidated Reporting
Federal expenditures of the following entities are included in the accompanying Schedule for the year ended September 30, 2023:
De Minimis Rate Used: N
Rate Explanation: The System has elected not to use the 10‑percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During the year ended September 30, 2023, the System provided nutritional counseling and distribution of food vouchers through the State of Connecticut Department of Public Health Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). The U.S. Department of Agriculture, the federal agency that sponsors the WIC program, has determined that such WIC food instruments are considered “property in lieu of money” and, therefore, should be reported as federal awards expended by the System. The total amount reported as federal awards on the accompanying Schedule is $6,618,913, representing the value of food vouchers redeemed of $4,722,859 plus administrative costs of $1,896,054.