Audit 347791

Title: General Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, certain amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the consolidated financial statements. De Minimis Rate Used: N Rate Explanation: The Health System has elected not to use the ten percent (10%) de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards presents the expenditures of all federal award programs received by Kuakini Health System and Subsidiaries (the "Health System").

Title: Basis of Accounting Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, certain amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the consolidated financial statements. De Minimis Rate Used: N Rate Explanation: The Health System has elected not to use the ten percent (10%) de minimis indirect cost rate allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, certain amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the consolidated financial statements.

Title: Indirect Cost Rates Accounting Policies: The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, certain amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the consolidated financial statements. De Minimis Rate Used: N Rate Explanation: The Health System has elected not to use the ten percent (10%) de minimis indirect cost rate allowed under the Uniform Guidance. The Health System has elected not to use the ten percent (10%) de minimis indirect cost rate allowed under the Uniform Guidance.