Audit 348490

Title: Basis of Presentation Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes federal grant activity of Greater Baltimore Medical Center HealthCare, Inc. (GBMC or the Company) and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The Company did not pass through funds to any subrecipients. De Minimis Rate Used: N Rate Explanation: The Company has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes federal grant activity of Greater Baltimore Medical Center HealthCare, Inc. (GBMC or the Company) and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The Company did not pass through funds to any subrecipients.

Title: Indirect Cost Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes federal grant activity of Greater Baltimore Medical Center HealthCare, Inc. (GBMC or the Company) and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The Company did not pass through funds to any subrecipients. De Minimis Rate Used: N Rate Explanation: The Company has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. The Company has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.