Notes to SEFA
Title: Note 1—Basis of presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein some types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Kentucky Hospital Association and Subsidiaries does not use the 10% de minimis indirect rate allowed in the Uniform Guidance, Section 414.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Kentucky Hospital Association and Subsidiaries and is presented on the cash basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award (“Uniform Guidance”). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Title: Note 3—Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein some types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Kentucky Hospital Association and Subsidiaries does not use the 10% de minimis indirect rate allowed in the Uniform Guidance, Section 414.
Kentucky Hospital Association and Subsidiaries provided federal awards to subrecipients as follows: See Notes to SEFA for chart /table.