Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: NOTE 1 BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of CGH Medical Center’s (the Medical Center) and is presented on the accrual basis
of accounting. The information in this schedule is presented in accordance with the applicable
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). Because the schedule of expenditures of federal awards presents only a
selected portion of the operations of the Medical Center, it is not intended to and does not
present the financial position, changes in net position, or cash flows of the Medical Center.
NOTE 2 SIGNIFICANT ACCOUNTING POLICIES
No funds were identified as having been provided to subrecipients by the Medical Center and
accordingly, no funds identified in the Schedule of Expenditures of Federal Awards are
attributable to subrecipient entities. There were no federal awards expended for noncash
assistance or insurance. The Medical Center has elected to use the 10% de minimis indirect
cost rate allowable under the Uniform Guidance.
NOTE 3 RECONCILATION OF SEFA AND FINANCIAL STATEMENTS
The financial statements reflect revenue recognized from the COVID-19 Provider Relief Fund
of approximately $-0- and $3,816,000 for the years ended April 30, 2024 and 2023,
respectively.
The SEFA includes COVID-19 Provider Relief Fund of $3,816,190 that were received in
Period 6 in accordance with the requirements of the compliance supplement for assistance
listing number 93.498.
De Minimis Rate Used: Y
Rate Explanation: The Medical Center has elected to use the 10% de minimis indirect
cost rate allowable under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of CGH Medical Center’s (the Medical Center) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the applicable 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). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of the Medical Center, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Medical Center.
Title: NOTE 2 SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: NOTE 1 BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of CGH Medical Center’s (the Medical Center) and is presented on the accrual basis
of accounting. The information in this schedule is presented in accordance with the applicable
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). Because the schedule of expenditures of federal awards presents only a
selected portion of the operations of the Medical Center, it is not intended to and does not
present the financial position, changes in net position, or cash flows of the Medical Center.
NOTE 2 SIGNIFICANT ACCOUNTING POLICIES
No funds were identified as having been provided to subrecipients by the Medical Center and
accordingly, no funds identified in the Schedule of Expenditures of Federal Awards are
attributable to subrecipient entities. There were no federal awards expended for noncash
assistance or insurance. The Medical Center has elected to use the 10% de minimis indirect
cost rate allowable under the Uniform Guidance.
NOTE 3 RECONCILATION OF SEFA AND FINANCIAL STATEMENTS
The financial statements reflect revenue recognized from the COVID-19 Provider Relief Fund
of approximately $-0- and $3,816,000 for the years ended April 30, 2024 and 2023,
respectively.
The SEFA includes COVID-19 Provider Relief Fund of $3,816,190 that were received in
Period 6 in accordance with the requirements of the compliance supplement for assistance
listing number 93.498.
De Minimis Rate Used: Y
Rate Explanation: The Medical Center has elected to use the 10% de minimis indirect
cost rate allowable under the Uniform Guidance.
No funds were identified as having been provided to subrecipients by the Medical Center and accordingly, no funds identified in the Schedule of Expenditures of Federal Awards are attributable to subrecipient entities. There were no federal awards expended for noncash assistance or insurance. The Medical Center has elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance.
Title: NOTE 3 RECONCILATION OF SEFA AND FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards includes the federal grant
activity of CGH Medical Center’s (the Medical Center) and is presented on the accrual basis
of accounting. The information in this schedule is presented in accordance with the applicable
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). Because the schedule of expenditures of federal awards presents only a
selected portion of the operations of the Medical Center, it is not intended to and does not
present the financial position, changes in net position, or cash flows of the Medical Center.
NOTE 2 SIGNIFICANT ACCOUNTING POLICIES
No funds were identified as having been provided to subrecipients by the Medical Center and
accordingly, no funds identified in the Schedule of Expenditures of Federal Awards are
attributable to subrecipient entities. There were no federal awards expended for noncash
assistance or insurance. The Medical Center has elected to use the 10% de minimis indirect
cost rate allowable under the Uniform Guidance.
NOTE 3 RECONCILATION OF SEFA AND FINANCIAL STATEMENTS
The financial statements reflect revenue recognized from the COVID-19 Provider Relief Fund
of approximately $-0- and $3,816,000 for the years ended April 30, 2024 and 2023,
respectively.
The SEFA includes COVID-19 Provider Relief Fund of $3,816,190 that were received in
Period 6 in accordance with the requirements of the compliance supplement for assistance
listing number 93.498.
De Minimis Rate Used: Y
Rate Explanation: The Medical Center has elected to use the 10% de minimis indirect
cost rate allowable under the Uniform Guidance.
The financial statements reflect revenue recognized from the COVID-19 Provider Relief Fund of approximately $-0- and $3,816,000 for the years ended April 30, 2024 and 2023, respectively.
The SEFA includes COVID-19 Provider Relief Fund of $3,816,190 that were received in Period 6 in accordance with the requirements of the compliance supplement for assistance
listing number 93.498.