Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the expenditures of The Health Care Authority of the City of Huntsville (the Authority) under direct contracts and subcontracts of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). All federal awards received directly or indirectly from federal agencies are included in the Schedule. The Authority has elected to exclude the federal awards received by the Huntsville Hospital Foundation, Inc., a discretely presented component unit of the Authority, from the Schedule. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, results of operations, changes in net position and cash flows of the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to charge a de minimis rate of 10% for all federal awards.
Expenditures reported in the SEFA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. As outlined in the May 2024 OMB Compliance Supplement, the amounts reported in the accompanying SEFA related to the Provider Relief Fund (“PRF”), CFDA No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the Health Resource and Service Administration (“HRSA”). Nine 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 SEFA includes those qualifying expenditures that were reported in the combined statement of revenues, expenses, and changes in net position for Periods 6 and 7. Lost revenues are reported based on the HRSA Option 3 reporting of lost revenues by comparing actual revenues by quarter during the period of availability to budgeted amounts for similar quarters. Expenditures for Provider Relief Funds are based upon the PRF report for the fiscal year ended June 30, 2024.
Title: INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the expenditures of The Health Care Authority of the City of Huntsville (the Authority) under direct contracts and subcontracts of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). All federal awards received directly or indirectly from federal agencies are included in the Schedule. The Authority has elected to exclude the federal awards received by the Huntsville Hospital Foundation, Inc., a discretely presented component unit of the Authority, from the Schedule. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, results of operations, changes in net position and cash flows of the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to charge a de minimis rate of 10% for all federal awards.
The Authority has elected not to charge a de minimis rate of 10% for all federal awards.
Title: CONTINGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the expenditures of The Health Care Authority of the City of Huntsville (the Authority) under direct contracts and subcontracts of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the provisions of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). All federal awards received directly or indirectly from federal agencies are included in the Schedule. The Authority has elected to exclude the federal awards received by the Huntsville Hospital Foundation, Inc., a discretely presented component unit of the Authority, from the Schedule. Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, results of operations, changes in net position and cash flows of the Authority.
De Minimis Rate Used: N
Rate Explanation: The Authority has elected not to charge a de minimis rate of 10% for all federal awards.
The Authority’s federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect the Authority’s continued participation in specific programs. The amount if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time; although the Authority expects such amounts, if any, to be immaterial.