Notes to SEFA
Title: General
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The hospital elected not to
The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal award programs of Unity Medical Center, Inc. and Subsidiary (the Hospital) under programs of the federal government for the year ended December 31, 2022. The amount reported for total federal expenditures represents the balance of all federal awards expended by the Hospital during the year that are required to be presented on the Schedule. 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 Organization, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows for the Organization. The amounts presented on the Schedule for Assistance Listing 93.498, Coronavirus (COVID-19) Provider Relief Fund (PRF), are based on the Period 4 PRF report submissions to the Health Resources and Services Administration, an agency of the U.S. Department of Health and Human Services.
Title: Summary of Significant Accounting Policies
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The hospital elected not to
The accompanying Schedule is prepared on the accrual basis of accounting. The Hospital did not elect to charge a de minimis rate of 10% for all federal awards
Title: Sub-Recipients
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The hospital elected not to
There were no expenditures to sub-recipients.