Notes to SEFA
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. Funding received is reported on the cash basis of accounting for supplemental disclosure purposes, as requested by the pass-through entity, and may include funding for expenditures incurred in prior periods or funding received in advance of expenditures.
De Minimis Rate Used: N
Rate Explanation: Greater Dayton Area Hospital Association has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.