Notes to SEFA
Title: Loan/Loan Guarantee Outstanding Blanaces
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) represents federal grant activity of the Medical Center under programs of the federal government for the year ended September 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Medical Center, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Medical Center. Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. For assistance listing number 93.498 Provider Relief Funds (PRF) amounts reported in the Schedule represent PRF funds received by the Medical Center during the period July 1, 2020 to June 30, 2021 that were required to be used by June 30, 2022 and that were reported in the PRF portal for the reporting time period ended September 30, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Medical Center had $55,626,502 of federal loans or loan guarantees outstanding during the year ended September 30, 2022.
Title: Noncash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) represents federal grant activity of the Medical Center under programs of the federal government for the year ended September 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Medical Center, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Medical Center. Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. For assistance listing number 93.498 Provider Relief Funds (PRF) amounts reported in the Schedule represent PRF funds received by the Medical Center during the period July 1, 2020 to June 30, 2021 that were required to be used by June 30, 2022 and that were reported in the PRF portal for the reporting time period ended September 30, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Medical Center did not receive any federal noncash assistance for the year ended September 30, 2022.