Title: Note 1: Basis of Presentation
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (“PRF”), expenditures on the Schedule are
reported on the accrual basis of accounting and 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.
The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported
on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and
amounts reported in the PRF portal for the reporting period 4, due March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of
Iroquois Memorial Hospital and Resident Home and Affiliate (the “Organization”). 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 (the “Uniform
Guidance”). Because the schedule presents only a selected portion of the operations of the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Note 2: Summary of Significant Accounting Policies
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (“PRF”), expenditures on the Schedule are
reported on the accrual basis of accounting and 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.
The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported
on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and
amounts reported in the PRF portal for the reporting period 4, due March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
With the exception of expenditures related to the Provider Relief Fund (“PRF”), expenditures on the Schedule are
reported on the accrual basis of accounting and are recognized following the cost principles contained in theWith the exception of expenditures related to the Provider Relief Fund (“PRF”), expenditures on the Schedule are
reported on the accrual basis of accounting and 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.
The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported
on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and
amounts reported in the PRF portal for the reporting period 4, due March 31, 2023.
Title: Note 3: Indirect Cost
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (“PRF”), expenditures on the Schedule are
reported on the accrual basis of accounting and 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.
The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported
on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and
amounts reported in the PRF portal for the reporting period 4, due March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: Note 4: Subrecipients
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (“PRF”), expenditures on the Schedule are
reported on the accrual basis of accounting and 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.
The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported
on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and
amounts reported in the PRF portal for the reporting period 4, due March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Organization passed no federal awards through to subrecipients.