Title: Organization
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal financial assistance received by the Company in the form of grants, cooperative agreements, and direct appropriations, and is presented using the accrual basis of accounting. The Company receives awards both directly from federal agencies and as pass-throughs from other state and local organizations. The information on 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 (the Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements of the Company.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance provides for a 10% de minimis indirect cost rate election; however, the Company uses a negotiated indirect cost rate.
As Arizona’s only licensed, freestanding, nonprofit children’s hospital, Phoenix Children’s Hospital (the Hospital) operates with the mission to advance hope, healing and the best healthcare for children and their families, as well as the vision that the Hospital will be the leading pediatric health system in the Southwest, nationally recognized for exceptional care, innovative research and advanced medical education. The Hospital provides care to the state’s pediatric patients in more than 75 subspecialties and includes 7 Centers of Excellence offering interdisciplinary care: Center for Cancer and Blood Disorders and Infusion Center, Phoenix Children’s Heart Center, Barrow Neurological Institute at Phoenix Children’s Hospital, Center for Pediatric Orthopedics, Level I Pediatric Trauma Center, Level IV Newborn Intensive Care Unit, and Phoenix Children’s Hospital Surgical Programs. The Hospital is one of the country’s largest and busiest children’s hospitals, with 484 licensed beds and a medical staff of over 1,400 providers.
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal financial assistance received by the Company in the form of grants, cooperative agreements, and direct appropriations, and is presented using the accrual basis of accounting. The Company receives awards both directly from federal agencies and as pass-throughs from other state and local organizations. The information on 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 (the Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements of the Company.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance provides for a 10% de minimis indirect cost rate election; however, the Company uses a negotiated indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal financial assistance received by the Company in the form of grants, cooperative agreements, and direct appropriations, and is presented using the accrual basis of accounting. The Company receives awards both directly from federal agencies and as pass-throughs from other state and local organizations. The information on 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 (the Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements of the Company.
Title: Indirect Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal financial assistance received by the Company in the form of grants, cooperative agreements, and direct appropriations, and is presented using the accrual basis of accounting. The Company receives awards both directly from federal agencies and as pass-throughs from other state and local organizations. The information on 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 (the Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements of the Company.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance provides for a 10% de minimis indirect cost rate election; however, the Company uses a negotiated indirect cost rate.
The Uniform Guidance provides for a 10% de minimis indirect cost rate election; however, the Company uses a negotiated indirect cost rate.