Notes to SEFA
Title: 1. 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 45 CFR 74, Appendix E or 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 adjustements or credits made in the normal course of business to amounts reported as expenditures in prior years. The Company has no federal loans or loan guarantees outstanding as of December 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the deminimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award
activity of Intermountain Health Care, Inc. (the Health System) under programs of the federal government 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 (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 the Health System, it is not intended to
and does not present the balance sheet, operations and changes in net assets, or cash flows of the Health
System.
For purposes of the Schedule, federal awards include all grants, contracts, loans and loan guarantee
agreements entered into between the Health System and agencies and departments of the federal
government. For the year ended December 31, 2023, the Health System had no expenditures in the form of
noncash assistance and had no federally provided insurance in effect.
Title: 2. Summary of Significant Accounting Policies
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 45 CFR 74, Appendix E or 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 adjustements or credits made in the normal course of business to amounts reported as expenditures in prior years. The Company has no federal loans or loan guarantees outstanding as of December 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the deminimis cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in 45 CFR 74, Appendix E or 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. The Health System has no
federal loans or loan guarantees outstanding as of December 31, 2023.
Title: 3. Indirect Cost Rate
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 45 CFR 74, Appendix E or 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 adjustements or credits made in the normal course of business to amounts reported as expenditures in prior years. The Company has no federal loans or loan guarantees outstanding as of December 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the deminimis cost rate.
The Health System has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.