Notes to SEFA
Title: 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 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.
De Minimis Rate Used: N
Rate Explanation: The Authority has a Hospital Rate Agreement with the federal government for approved indirect rates. Due to this agreement, the Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Denver Health and Hospital Authority (the 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,
changes in net position or cash flows of the Authority.
Title: 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 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.
De Minimis Rate Used: N
Rate Explanation: The Authority has a Hospital Rate Agreement with the federal government for approved indirect rates. Due to this agreement, the Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
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. 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.
Title: 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 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.
De Minimis Rate Used: N
Rate Explanation: The Authority has a Hospital Rate Agreement with the federal government for approved indirect rates. Due to this agreement, the Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Authority has a Hospital Rate Agreement with the federal government for approved indirect rates. Due to this agreement, the Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Noncash Assistance
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. 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.
De Minimis Rate Used: N
Rate Explanation: The Authority has a Hospital Rate Agreement with the federal government for approved indirect rates. Due to this agreement, the Authority has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Equipment and Supplies
The Authority received noncash assistance of $321,175 in the form of equipment and supplies Assistance Listing Number (ALN) 97.067 during the year ended December 31, 2023, which were passed through from the City & County of Denver under their UASI (Urban Areas Security Initiative) award. Distribution of the equipment and supplies is reflected in the Schedule of Federal Expenditures. The revenue and expenditures associated with these federal programs are not recognized in the Authority’s financial statements.
Food Instruments
The Authority received noncash assistance of $11,963,336 in the form of food instruments ALN 10.557 during the year ended December 31, 2023, which were passed through from the Colorado Department of Public Health and Environment. Distribution of the food instruments is reflected in the Schedule of Federal Expenditures. The revenue and expenditures associated with these federal programs are not recognized in the Authority’s financial statements.