Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Rural Health, Inc. and is presented on the accrual basis accounting. The information in this schedule is presented for purposes of additional analysis 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). Therefore, some amounts represented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Rural Health, Inc. did not provide any amount of federal awards to subrecipients during the fiscal year ended August 31, 2024.
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Rural Health, Inc. and is presented on the accrual basis accounting. The information in this schedule is presented for purposes of additional analysis 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). Therefore, some amounts represented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Rural Health, Inc. did not receive any non-cash assistance during the fiscal year ended August 31, 2024.
Title: Amount of Insurance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Rural Health, Inc. and is presented on the accrual basis accounting. The information in this schedule is presented for purposes of additional analysis 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). Therefore, some amounts represented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Significant losses are covered by commercial insurance for all major programs: property, liability, and workers compensation. During the year ended August 31, 2024, there were no significant reductions in coverage. Also, there have been no settlement amounts, which have exceeded insurance coverage in the past three years.
Title: Loans or Loan Guarantees Outstanding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Rural Health, Inc. and is presented on the accrual basis accounting. The information in this schedule is presented for purposes of additional analysis 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). Therefore, some amounts represented in this schedule may differ from amounts presented in, or used in preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
At August 31, 2024, Rural Health, Inc. had no loans outstanding.