Notes to SEFA
Accounting Policies: NOTE 1 - BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards includes the federal grant activity of Massachusetts Health & Hospital, Inc. and Affiliated Organization (the Association) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the provisions of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirement for Federal Awards (Uniform Guidance). Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.