Audit 313497

Title: Loan/loan guarantee outstanding balances Accounting Policies: (1)Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Oregon Health & Science University (OHSU) under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200 (2 CFR 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 OHSU, it is not intended to and does not present the financial position, changes in its financial position, or cash flows of OHSU.(2)Summary of Significant Accounting PoliciesExpenditures 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: OHSU has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. FEDERAL PERKINS LOAN PROGRAM (FPL) (84.038) - Balances outstanding at the end of the audit period were 2291956. FEDERAL DIRECT STUDENT LOANS SUBSIDIZED (84.268) - Balances outstanding at the end of the audit period were 2281770. FEDERAL DIRECT STUDENT LOANS UNSUBSIDIZED (84.268) - Balances outstanding at the end of the audit period were 37463036. FEDERAL DIRECT PARENT LOANS (84.268) - Balances outstanding at the end of the audit period were 601372. FEDERAL DIRECT GRAD PLUS LOAN (84.268) - Balances outstanding at the end of the audit period were 24446777. NURSE FACULTY LOAN PROGRAM (NFLP) (93.264) - Balances outstanding at the end of the audit period were 1,307,769. HEALTH PROFESSIONS STUDENT LOANS, INCLUDING PRIMARY CARE LOANS/LOANS FOR DISADVANTAGED STUDENTS - DENTAL (93.342) - Balances outstanding at the end of the audit period were 5403167. HEALTH PROFESSIONS STUDENT LOANS, INCLUDING PRIMARY CARE LOANS/LOANS FOR DISADVANTAGED STUDENTS - PRIMARY CARE (93.342) - Balances outstanding at the end of the audit period were 69927. NURSING STUDENT LOANS - UNDERGRADUATE (93.364) - Balances outstanding at the end of the audit period were 2622573. NURSING STUDENT LOANS - GRADUATE (93.364) - Balances outstanding at the end of the audit period were 223,899.

Title: (5)Student Financial Aid Expenditures and Administrative Costs Accounting Policies: (1)Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Oregon Health & Science University (OHSU) under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200 (2 CFR 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 OHSU, it is not intended to and does not present the financial position, changes in its financial position, or cash flows of OHSU.(2)Summary of Significant Accounting PoliciesExpenditures 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: OHSU has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Student financial aid program expenditures represent payments to students, which include each programs cost sharing or matching amount. The student financial aid program expenditures include amounts representing administrative allowances. Administrative allowances totaling $5,998 were claimed in the fiscal year ended June 30, 2022.