Audit 321363

Title: SUBRECIPIENT GRANTS Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This Schedule has been prepared on the accrual basis of accounting. Grant revenues are recorded for financial reporting purposes when The Hospital Council of Northwest Ohio has met the qualifications for the respective grants. 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. Certain funds are passed on to subrecipients upon receipt. NOTE 1 BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The Hospital Council of Northwest Ohio 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 Hospital Council of Northwest Ohio, it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of The Hospital Council of Northwest Ohio. De Minimis Rate Used: N Rate Explanation: The Hospital Council of Northwest Ohio has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Under provisions of certain grants, the Organization designated, and the grantors approved, subrecipient grants to certain local and member hospitals in 2023. See schedule of expenditures of federal awards for amounts passed through to subrecipients.