Title: Note 1. Basis of Presentation
Accounting Policies: Expenditures reported on 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.
As outlined in the OMB Compliance Supplement, the amounts reported in the accompanying Schedule related to the Provider Relief Fund (PRF), Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the U.S. Department of Health and Human Services, Health Resource and Service Administration (HRSA). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on January 1, 2020 and extends through specified deadlines, as indicated below:
The accompanying Schedule includes those qualifying expenditures and lost revenues that were reported in the HRSA PRF portal for Period 2. No amounts were received that would need to be reported for Period 3. Lost revenues are reported based on the HRSA Option 1 reporting of lost revenues using 2019 actual patient care revenue compared 2020 actual patient care revenue and 2021 actual patient care revenue.
De Minimis Rate Used: N
Rate Explanation: Frederick Health, Inc. and Subsidiaries has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Frederick Health, Inc. and Subsidiaries under 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 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 Frederick Health, Inc. and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets or cash flows of Frederick Health, Inc. and Subsidiaries.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on 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.
As outlined in the OMB Compliance Supplement, the amounts reported in the accompanying Schedule related to the Provider Relief Fund (PRF), Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the U.S. Department of Health and Human Services, Health Resource and Service Administration (HRSA). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on January 1, 2020 and extends through specified deadlines, as indicated below:
The accompanying Schedule includes those qualifying expenditures and lost revenues that were reported in the HRSA PRF portal for Period 2. No amounts were received that would need to be reported for Period 3. Lost revenues are reported based on the HRSA Option 1 reporting of lost revenues using 2019 actual patient care revenue compared 2020 actual patient care revenue and 2021 actual patient care revenue.
De Minimis Rate Used: N
Rate Explanation: Frederick Health, Inc. and Subsidiaries has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on 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.
As outlined in the OMB Compliance Supplement, the amounts reported in the accompanying Schedule related to the Provider Relief Fund (PRF), Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the U.S. Department of Health and Human Services, Health Resource and Service Administration (HRSA). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on January 1, 2020 and extends through specified deadlines, as indicated below:
The accompanying Schedule includes those qualifying expenditures and lost revenues that were reported in the HRSA PRF portal for Period 2. No amounts were received that would need to be reported for Period 3. Lost revenues are reported based on the HRSA Option 1 reporting of lost revenues using 2019 actual patient care revenue compared 2020 actual patient care revenue and 2021 actual patient care revenue.
Title: Note 3. Indirect Cost Rate
Accounting Policies: Expenditures reported on 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.
As outlined in the OMB Compliance Supplement, the amounts reported in the accompanying Schedule related to the Provider Relief Fund (PRF), Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the U.S. Department of Health and Human Services, Health Resource and Service Administration (HRSA). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on January 1, 2020 and extends through specified deadlines, as indicated below:
The accompanying Schedule includes those qualifying expenditures and lost revenues that were reported in the HRSA PRF portal for Period 2. No amounts were received that would need to be reported for Period 3. Lost revenues are reported based on the HRSA Option 1 reporting of lost revenues using 2019 actual patient care revenue compared 2020 actual patient care revenue and 2021 actual patient care revenue.
De Minimis Rate Used: N
Rate Explanation: Frederick Health, Inc. and Subsidiaries has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Frederick Health, Inc. and Subsidiaries has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 4. Contingencies
Accounting Policies: Expenditures reported on 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.
As outlined in the OMB Compliance Supplement, the amounts reported in the accompanying Schedule related to the Provider Relief Fund (PRF), Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the U.S. Department of Health and Human Services, Health Resource and Service Administration (HRSA). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on January 1, 2020 and extends through specified deadlines, as indicated below:
The accompanying Schedule includes those qualifying expenditures and lost revenues that were reported in the HRSA PRF portal for Period 2. No amounts were received that would need to be reported for Period 3. Lost revenues are reported based on the HRSA Option 1 reporting of lost revenues using 2019 actual patient care revenue compared 2020 actual patient care revenue and 2021 actual patient care revenue.
De Minimis Rate Used: N
Rate Explanation: Frederick Health, Inc. and Subsidiaries has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The grant programs are subject to financial and compliance audits by the grantors or their representatives. Such audits could lead to requests for reimbursement to the grantor agencies for expenditures disallowed under terms of the grants. Management believes disallowances, if any, will not be material.
Title: Note 5. Subsidiaries
Accounting Policies: Expenditures reported on 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.
As outlined in the OMB Compliance Supplement, the amounts reported in the accompanying Schedule related to the Provider Relief Fund (PRF), Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the U.S. Department of Health and Human Services, Health Resource and Service Administration (HRSA). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on January 1, 2020 and extends through specified deadlines, as indicated below:
The accompanying Schedule includes those qualifying expenditures and lost revenues that were reported in the HRSA PRF portal for Period 2. No amounts were received that would need to be reported for Period 3. Lost revenues are reported based on the HRSA Option 1 reporting of lost revenues using 2019 actual patient care revenue compared 2020 actual patient care revenue and 2021 actual patient care revenue.
De Minimis Rate Used: N
Rate Explanation: Frederick Health, Inc. and Subsidiaries has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The subsidiaries below were included in the expenditures reported in the Schedule.
Subsidiary Name EIN
Frederick Health Hospital, Inc. 52-0591612
Frederick Health Medical Group, LLC 45-3007639