Notes to SEFA
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the grant activity
of Berkshire Health Systems, Inc. (the Health System) and is presented on the accrual basis of accounting.
The information in the 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). Therefore, some amounts presented in the
Schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated
financial statements. The Health System has elected to use the 10% de minimis cost rate.
NOTE 2 - WOMEN, INFANTS, AND CHILDREN (WIC) PROGRAM
In fiscal year 2023, the WIC Program issued $1,028,712 in vouchers to program participants to be used at
local grocery stores. These federal funds, which are not received directly by the Health System, are included
on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: The Health System has elected to use the 10% de minimis cost rate.