Notes to SEFA
Title: Note 3 - Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code ofFederal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance), wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. The Organization has electednot to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Southern California Medical Center, Inc. (the Organization) under the programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) 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 of the Organization.
Title: Note 4 - Amounts Provided to Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code ofFederal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance), wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. The Organization has electednot to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
No federal awards expenditures were provided to subrecipients during the year ended June 30, 2022.
Title: Note 5 - Relationship of Schedule of Federal Awards to the Financials
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code ofFederal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance), wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. The Organization has electednot to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
In addition, in accordance with guidance from the Department of Health and Human Services, Provider Relief Fund revenues received after June 30, 2021 are not included in the Schedule for fiscal year ended June 30, 2022. The $10,332 of expenditures reported on the Schedule were recognized as revenue in the Organizations audited financial statements for the year ended June 30, 2021.