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. Negative amounts, when shown on the Schedule, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented when available.
De Minimis Rate Used: N
Rate Explanation: The hospital has not elected to use the 10 percent de minimis indirect cost rate for federal awards under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant expenditures of Bristol Hospital, Incorporated (the Hospital) under programs of the federal government for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of the 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 Hospital, it is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of the Hospital.
Title: Noncash Assistance
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. Negative amounts, when shown on the Schedule, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented when available.
De Minimis Rate Used: N
Rate Explanation: The hospital has not elected to use the 10 percent de minimis indirect cost rate for federal awards under the Uniform Guidance.
The Schedule includes $5,085,764 of noncash assistance, which includes $5,085,764 for the WIC program (Assisted Listing Number 10.557) in the form of program vouchers issued at the WIC office on behalf of the United States Department of Agriculture (USDA).These benefits are issued at the local level but tracked at the State of Connecticut pass-through level. The vouchers allow for purchases of approved food items.