Title: (1) General
Accounting Policies: (1) General
The accompanying Schedules of Expenditures of Federal Awards and State Financial Assistance
(the Schedules) present the activity of all federal programs and state projects administered by Sarasota
County Public Hospital District (the District). Awards received directly from federal and state agencies, as
well as those passed through other governmental agencies, are included on the respective Schedules. The
information in the respective Schedules 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 (the Uniform Guidance), and Chapter 10.550, Rules of the Auditor
General (Chapter 10.550).
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
(2) Basis of Accounting
Federal programs and state projects administered by the District are accounted for within the District’s
operating funds. The accompanying Schedules have been prepared on the same basis of accounting as
the District’s financial statements. The District’s financial statements are prepared in accordance with
U.S. generally accepted accounting principles. Transactions are recorded on an accrual accounting basis.
Under the accrual method, revenues are recognized when earned and expenses are recognized when a
liability is incurred, without regard to receipt or payment of cash.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to charge the de minimus rate 10% for determining indirect cost amounts.
The accompanying Schedules of Expenditures of Federal Awards and State Financial Assistance
(the Schedules) present the activity of all federal programs and state projects administered by Sarasota
County Public Hospital District (the District). Awards received directly from federal and state agencies, as
well as those passed through other governmental agencies, are included on the respective Schedules. The
information in the respective Schedules 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 (the Uniform Guidance), and Chapter 10.550, Rules of the Auditor
General (Chapter 10.550).
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
Title: (2) Basis of Accounting
Accounting Policies: (1) General
The accompanying Schedules of Expenditures of Federal Awards and State Financial Assistance
(the Schedules) present the activity of all federal programs and state projects administered by Sarasota
County Public Hospital District (the District). Awards received directly from federal and state agencies, as
well as those passed through other governmental agencies, are included on the respective Schedules. The
information in the respective Schedules 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 (the Uniform Guidance), and Chapter 10.550, Rules of the Auditor
General (Chapter 10.550).
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
(2) Basis of Accounting
Federal programs and state projects administered by the District are accounted for within the District’s
operating funds. The accompanying Schedules have been prepared on the same basis of accounting as
the District’s financial statements. The District’s financial statements are prepared in accordance with
U.S. generally accepted accounting principles. Transactions are recorded on an accrual accounting basis.
Under the accrual method, revenues are recognized when earned and expenses are recognized when a
liability is incurred, without regard to receipt or payment of cash.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to charge the de minimus rate 10% for determining indirect cost amounts.
Federal programs and state projects administered by the District are accounted for within the District’s
operating funds. The accompanying Schedules have been prepared on the same basis of accounting as
the District’s financial statements. The District’s financial statements are prepared in accordance with
U.S. generally accepted accounting principles. Transactions are recorded on an accrual accounting basis.
Under the accrual method, revenues are recognized when earned and expenses are recognized when a
liability is incurred, without regard to receipt or payment of cash.
Title: (3) Relationship to Financial Statements
Accounting Policies: (1) General
The accompanying Schedules of Expenditures of Federal Awards and State Financial Assistance
(the Schedules) present the activity of all federal programs and state projects administered by Sarasota
County Public Hospital District (the District). Awards received directly from federal and state agencies, as
well as those passed through other governmental agencies, are included on the respective Schedules. The
information in the respective Schedules 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 (the Uniform Guidance), and Chapter 10.550, Rules of the Auditor
General (Chapter 10.550).
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
(2) Basis of Accounting
Federal programs and state projects administered by the District are accounted for within the District’s
operating funds. The accompanying Schedules have been prepared on the same basis of accounting as
the District’s financial statements. The District’s financial statements are prepared in accordance with
U.S. generally accepted accounting principles. Transactions are recorded on an accrual accounting basis.
Under the accrual method, revenues are recognized when earned and expenses are recognized when a
liability is incurred, without regard to receipt or payment of cash.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to charge the de minimus rate 10% for determining indirect cost amounts.
Federal awards and state financial assistance revenues are reported in the District’s financial statements
as other revenue.
Title: (4) Contingencies
Accounting Policies: (1) General
The accompanying Schedules of Expenditures of Federal Awards and State Financial Assistance
(the Schedules) present the activity of all federal programs and state projects administered by Sarasota
County Public Hospital District (the District). Awards received directly from federal and state agencies, as
well as those passed through other governmental agencies, are included on the respective Schedules. The
information in the respective Schedules 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 (the Uniform Guidance), and Chapter 10.550, Rules of the Auditor
General (Chapter 10.550).
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
(2) Basis of Accounting
Federal programs and state projects administered by the District are accounted for within the District’s
operating funds. The accompanying Schedules have been prepared on the same basis of accounting as
the District’s financial statements. The District’s financial statements are prepared in accordance with
U.S. generally accepted accounting principles. Transactions are recorded on an accrual accounting basis.
Under the accrual method, revenues are recognized when earned and expenses are recognized when a
liability is incurred, without regard to receipt or payment of cash.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to charge the de minimus rate 10% for determining indirect cost amounts.
Grant monies received and disbursed by the District are for specific purposes and are subject to review by
the grantor agencies. Such audits may result in requests for reimbursement due to disallowed
expenditures. Based upon prior experience, the District does not believe that such disallowances, if any,
would have a material effect on the financial position of the District. Management is not aware of any
material questioned or disallowed costs as a result of grant audits in process or completed.
Title: (5) Indirect Costs
Accounting Policies: (1) General
The accompanying Schedules of Expenditures of Federal Awards and State Financial Assistance
(the Schedules) present the activity of all federal programs and state projects administered by Sarasota
County Public Hospital District (the District). Awards received directly from federal and state agencies, as
well as those passed through other governmental agencies, are included on the respective Schedules. The
information in the respective Schedules 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 (the Uniform Guidance), and Chapter 10.550, Rules of the Auditor
General (Chapter 10.550).
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
(2) Basis of Accounting
Federal programs and state projects administered by the District are accounted for within the District’s
operating funds. The accompanying Schedules have been prepared on the same basis of accounting as
the District’s financial statements. The District’s financial statements are prepared in accordance with
U.S. generally accepted accounting principles. Transactions are recorded on an accrual accounting basis.
Under the accrual method, revenues are recognized when earned and expenses are recognized when a
liability is incurred, without regard to receipt or payment of cash.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to charge the de minimus rate 10% for determining indirect cost amounts.
The District did not elect to charge the de minimus rate 10% for determining indirect cost amounts.
Title: (6) Provider Relief Fund
Accounting Policies: (1) General
The accompanying Schedules of Expenditures of Federal Awards and State Financial Assistance
(the Schedules) present the activity of all federal programs and state projects administered by Sarasota
County Public Hospital District (the District). Awards received directly from federal and state agencies, as
well as those passed through other governmental agencies, are included on the respective Schedules. The
information in the respective Schedules 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 (the Uniform Guidance), and Chapter 10.550, Rules of the Auditor
General (Chapter 10.550).
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the consolidated financial statements.
(2) Basis of Accounting
Federal programs and state projects administered by the District are accounted for within the District’s
operating funds. The accompanying Schedules have been prepared on the same basis of accounting as
the District’s financial statements. The District’s financial statements are prepared in accordance with
U.S. generally accepted accounting principles. Transactions are recorded on an accrual accounting basis.
Under the accrual method, revenues are recognized when earned and expenses are recognized when a
liability is incurred, without regard to receipt or payment of cash.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to charge the de minimus rate 10% for determining indirect cost amounts.
As required by the Uniform Guidance, the accompanying amounts presented in the schedule of
expenditures of federal awards represent expenditures as reported to the U.S. Department of Health and
Human Services for the period of July 1, 2021 to June 30, 2022.