Title: Significant Accounting Policies
Accounting Policies: The accompanying consolidated schedule of expenditures of federal awards (the Schedule) summarizes the expenditures of Gillette Childrens Specialty Healthcare (the Organization) under programs of the United States federal government for the year ended December 31, 2023. For the purposes of the Schedule, federal awards include grants, contracts, and similar agreements between the Organization and agencies and departments of the federal government, and subawards made to the Organization by nonfederal organizations pursuant to federal grants, contracts, and similar agreements.The information in the Schedule is prepared on the accrual basis of accounting and presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.Regulations and guidelines governing the preparation of federal financial reports vary by federal agency and among programs administered by the same agency. Accordingly, the amounts reported in the federal financial reports, filings, and other disclosures may not necessarily agree with the amounts reported in the accompanying Schedule.Because the Schedule presents only a selected portion of the Organizations activities, it is not intended to, and does not, present either the financial position, changes in net assets, or cash flows of the Organization.Federal awards presented on the Schedule are subject to retrospective financial and compliance audits by the awarding agencies and grantors. Management believes that the amount of expenditures, if any, that may be disallowed by grantor agencies is immaterial.
De Minimis Rate Used: N
Rate Explanation: Federal program expenditures are recognized using cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations (2 CFR Part 230). Under these cost principles, certain expenditures are not allowed or limited as to reimbursement. Expenditures include a portion of costs associated with general activities (facilities and administrative costs or indirect costs) which are allocated federal awards under negotiated formulas. The Organization did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance. Indirect costs allocated to applicable awards for the year ended December 31, 2023 were based on a predetermined rate of negotiated with the Department of Health and Human Services, the Organization's oversight federal agency. Different facilities and administrative cost rates may be used when specifically stated in the agreements. These costs are included as a component of the expenditures for applicable awards in the Schedule.
The accompanying consolidated schedule of expenditures of federal awards (the Schedule) summarizes the expenditures of Gillette Childrens Specialty Healthcare (the Organization) under programs of the United States federal government for the year ended December 31, 2023. For the purposes of the Schedule, federal awards include grants, contracts, and similar agreements between the Organization and agencies and departments of the federal government, and subawards made to the Organization by nonfederal organizations pursuant to federal grants, contracts, and similar agreements.The information in the Schedule is prepared on the accrual basis of accounting and presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.Regulations and guidelines governing the preparation of federal financial reports vary by federal agency and among programs administered by the same agency. Accordingly, the amounts reported in the federal financial reports, filings, and other disclosures may not necessarily agree with the amounts reported in the accompanying Schedule.Because the Schedule presents only a selected portion of the Organizations activities, it is not intended to, and does not, present either the financial position, changes in net assets, or cash flows of the Organization.Federal awards presented on the Schedule are subject to retrospective financial and compliance audits by the awarding agencies and grantors. Management believes that the amount of expenditures, if any, that may be disallowed by grantor agencies is immaterial.
Title: Indirect Cost Rate
Accounting Policies: The accompanying consolidated schedule of expenditures of federal awards (the Schedule) summarizes the expenditures of Gillette Childrens Specialty Healthcare (the Organization) under programs of the United States federal government for the year ended December 31, 2023. For the purposes of the Schedule, federal awards include grants, contracts, and similar agreements between the Organization and agencies and departments of the federal government, and subawards made to the Organization by nonfederal organizations pursuant to federal grants, contracts, and similar agreements.The information in the Schedule is prepared on the accrual basis of accounting and presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Accordingly, amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.Regulations and guidelines governing the preparation of federal financial reports vary by federal agency and among programs administered by the same agency. Accordingly, the amounts reported in the federal financial reports, filings, and other disclosures may not necessarily agree with the amounts reported in the accompanying Schedule.Because the Schedule presents only a selected portion of the Organizations activities, it is not intended to, and does not, present either the financial position, changes in net assets, or cash flows of the Organization.Federal awards presented on the Schedule are subject to retrospective financial and compliance audits by the awarding agencies and grantors. Management believes that the amount of expenditures, if any, that may be disallowed by grantor agencies is immaterial.
De Minimis Rate Used: N
Rate Explanation: Federal program expenditures are recognized using cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations (2 CFR Part 230). Under these cost principles, certain expenditures are not allowed or limited as to reimbursement. Expenditures include a portion of costs associated with general activities (facilities and administrative costs or indirect costs) which are allocated federal awards under negotiated formulas. The Organization did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance. Indirect costs allocated to applicable awards for the year ended December 31, 2023 were based on a predetermined rate of negotiated with the Department of Health and Human Services, the Organization's oversight federal agency. Different facilities and administrative cost rates may be used when specifically stated in the agreements. These costs are included as a component of the expenditures for applicable awards in the Schedule.
Federal program expenditures are recognized using cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations (2 CFR Part 230). Under these cost principles, certain expenditures are not allowed or limited as to reimbursement. Expenditures include a portion of costs associated with general activities (facilities and administrative costs or indirect costs) which are allocated federal awards under negotiated formulas. The Organization did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance. Indirect costs allocated to applicable awards for the year ended December 31, 2023 were based on a predetermined rate of negotiated with the Department of Health and Human Services, the Organization's oversight federal agency. Different facilities and administrative cost rates may be used when specifically stated in the agreements. These costs are included as a component of the expenditures for applicable awards in the Schedule.