Title: Non-Cash Awards
Accounting Policies: 1. The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of The Hospital Authority of Jefferson County and The City of Louisville, Georgia (Authority) 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, 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 Authority, it is not intended to and does not present the financial position, change in net position, or cash flows of the Authority.
2. Expenditures reported on the Schedule are reported on the accrual basis of accounting which is consistent with the preparation of the Authority’s financial statements. 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.
3. The Authority did not have any non-cash awards during the fiscal year.
4. There were no awards passed through to subrecipients.
5. The Authority has elected to not use the 10% de minimis indirect cost rate under the Uniform Guidance.
6. Federal expenditures under loan programs include any new loans made during the year and loans outstanding at the beginning of the year for which there are continuing compliance requirements. There were no new loans for the year ended December 31 , 2023. The balance of the loan outstanding as of December 31, 2023 is $2,435,518 for project 825433 and $86,560 for project 9524801CFL.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected to not use the 10% de minimis indirect cost rate.
The Authority did not have any non-cash awards during the fiscal year.
Title: Subrecipients
Accounting Policies: 1. The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of The Hospital Authority of Jefferson County and The City of Louisville, Georgia (Authority) 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, 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 Authority, it is not intended to and does not present the financial position, change in net position, or cash flows of the Authority.
2. Expenditures reported on the Schedule are reported on the accrual basis of accounting which is consistent with the preparation of the Authority’s financial statements. 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.
3. The Authority did not have any non-cash awards during the fiscal year.
4. There were no awards passed through to subrecipients.
5. The Authority has elected to not use the 10% de minimis indirect cost rate under the Uniform Guidance.
6. Federal expenditures under loan programs include any new loans made during the year and loans outstanding at the beginning of the year for which there are continuing compliance requirements. There were no new loans for the year ended December 31 , 2023. The balance of the loan outstanding as of December 31, 2023 is $2,435,518 for project 825433 and $86,560 for project 9524801CFL.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected to not use the 10% de minimis indirect cost rate.
There were no awards passed through to subrecipients.
Title: Loan/loan guarantee outstanding balances
Accounting Policies: 1. The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of The Hospital Authority of Jefferson County and The City of Louisville, Georgia (Authority) 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, 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 Authority, it is not intended to and does not present the financial position, change in net position, or cash flows of the Authority.
2. Expenditures reported on the Schedule are reported on the accrual basis of accounting which is consistent with the preparation of the Authority’s financial statements. 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.
3. The Authority did not have any non-cash awards during the fiscal year.
4. There were no awards passed through to subrecipients.
5. The Authority has elected to not use the 10% de minimis indirect cost rate under the Uniform Guidance.
6. Federal expenditures under loan programs include any new loans made during the year and loans outstanding at the beginning of the year for which there are continuing compliance requirements. There were no new loans for the year ended December 31 , 2023. The balance of the loan outstanding as of December 31, 2023 is $2,435,518 for project 825433 and $86,560 for project 9524801CFL.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected to not use the 10% de minimis indirect cost rate.
Federal expenditures under loan programs include any new loans made during the year and loans outstanding at the beginning of the year for which there are continuing compliance requirements. There were no new loans for the year ended December 31, 2023. The balance of the loan outstanding as of December 31, 2023 is$2,435,518 for project 825433 and $86,560 for project 9524801CFL.