Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Note 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Hospital and is presented on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where in certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Hospital elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards presents the federal award activity of St. Charles Parish Hospital Service District (the Hospital), as defined in Note 1 to the Hospital’s basic financial statements for the year ended December 31, 2023. 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 (Uniform Guidance). All federal financial assistance that was received directly from federal agencies is included on the schedule, as well as federal assistance passed through other government agencies. Because the schedule present only a selected portion of the operations of the Hospital, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Hospital.
Title: Note 4: Federally Funded Insurance
Accounting Policies: Note 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Hospital and is presented on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where in certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Hospital elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Hospital has no federally funded insurance.
Title: Note 5: Noncash Assistance
Accounting Policies: Note 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Hospital and is presented on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where in certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Hospital elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Hospital did not receive any federal noncash assistance for the fiscal year ended December 31, 2023.
Title: Note 6: Federal Assistance Reconciliation
Accounting Policies: Note 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Hospital and is presented on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where in certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Hospital elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Federal grants as presented on the Schedule of Expenditures of Federal Awards are included in following financial statement line items on the statements of revenues, expenses, and changes in net position: