Audit 349024

Title: NOTE 1 BASIS OF PRESENTATION Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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. De Minimis Rate Used: Y Rate Explanation: Crawford County Memorial Hospital has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Crawford County Memorial Hospital under programs of the federal government for the year ended June 30, 2024. 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 Crawford County Memorial Hospital, it is not intended to and does not present the financial position, changes in financial position or cash flows of Crawford County Memorial Hospital.

Title: NOTE 4 USDA LOANS Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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. De Minimis Rate Used: Y Rate Explanation: Crawford County Memorial Hospital has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The program expenditures for the Community Facilities Loans and Grants reflect the balance of the USDA loans as of July 1, 2023. The balance of the loans as of June 30, 2024 was $12,596,265.

Title: NOTE 5 DISASTER GRANTS – PUBLIC ASSISTANCE Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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. De Minimis Rate Used: Y Rate Explanation: Crawford County Memorial Hospital has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Expenditures for disaster grant from the U.S. Department of Homeland Security are recorded on the Schedule when the funds are obligated by the federal agency through the approval of the Project Worksheets and eligible expenditures have been incurred. Disaster grant expenditures included in the Schedule for the year ended June 30, 2024, that were incurred in prior fiscal years were $1,180,110.

Title: NOTE 3 INDIRECT COST RATE Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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. De Minimis Rate Used: Y Rate Explanation: Crawford County Memorial Hospital has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Crawford County Memorial Hospital has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.