Title: BASIS OF PRESENTATION
Accounting Policies: The schedule of expenditures of federal awards includes federal grant activity under federal
government programs of Children’s Hospital of Los Angeles (“Hospital”) for the year ended June 30,
2024. The information in this schedule is presented in accordance with the requirements of Title 2 US
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation, of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use 10% de minimums indirect cost rate
The schedule of expenditures of federal awards includes federal grant activity under federal
government programs of Children’s Hospital of Los Angeles (“Hospital”) for the year ended June 30,
2024. The information in this schedule is presented in accordance with the requirements of Title 2 US
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation, of the general-purpose financial statements.
Title: EQUIPMENT EXPENDITURES
Accounting Policies: The schedule of expenditures of federal awards includes federal grant activity under federal
government programs of Children’s Hospital of Los Angeles (“Hospital”) for the year ended June 30,
2024. The information in this schedule is presented in accordance with the requirements of Title 2 US
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation, of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use 10% de minimums indirect cost rate
All capital expenditures are charged in the period in which the expenditure is incurred or as otherwise
determined appropriate by and negotiated with the awarding agency.
Title: PASS-THROUGH AWARDS
Accounting Policies: The schedule of expenditures of federal awards includes federal grant activity under federal
government programs of Children’s Hospital of Los Angeles (“Hospital”) for the year ended June 30,
2024. The information in this schedule is presented in accordance with the requirements of Title 2 US
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation, of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use 10% de minimums indirect cost rate
The Hospital receives certain federal awards from pass-through agencies where the amounts are
commingled by the pass-through agency with other nonfederal funds and cannot be separately
identified. The total amount of pass-through awards is included in the schedule of expenditures of
federal awards.
Title: SUBRECIPIENTS
Accounting Policies: The schedule of expenditures of federal awards includes federal grant activity under federal
government programs of Children’s Hospital of Los Angeles (“Hospital”) for the year ended June 30,
2024. The information in this schedule is presented in accordance with the requirements of Title 2 US
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation, of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use 10% de minimums indirect cost rate
The Hospital also provided federal awards to subrecipients, of which the amounts are presented in the
schedule of expenditures of federal awards.
Title: INDIRECT RATE
Accounting Policies: The schedule of expenditures of federal awards includes federal grant activity under federal
government programs of Children’s Hospital of Los Angeles (“Hospital”) for the year ended June 30,
2024. The information in this schedule is presented in accordance with the requirements of Title 2 US
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation, of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use 10% de minimums indirect cost rate
The Hospital has not elected to use 10% de minimums indirect cost rate.
Title: CREDIT BALANCES
Accounting Policies: The schedule of expenditures of federal awards includes federal grant activity under federal
government programs of Children’s Hospital of Los Angeles (“Hospital”) for the year ended June 30,
2024. The information in this schedule is presented in accordance with the requirements of Title 2 US
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation, of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use 10% de minimums indirect cost rate
Net credit balances in the expenditures column are the result of timing differences from effective dates
of awards to when the Hospital receives award notices, delays in receiving no-cost extensions, and
supplemental expenditures and do not represent overbillings or overpayments on such awards. As a
result of these circumstances, total federal expenditures of $ 68,982,462 is shown net of $ 717,676 of
credit balances for the year ended June 30, 2024.