Notes to SEFA
Title: Provider Relief Funds
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles for Hospitals wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Childrens National applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimus cost rate as described in Section 200.414 of the Uniform Guidance. Indirect costs allocated to such awards for the year ended June 30, 2022 were based on predetermined rates negotiated with Childrens National cognizant federal agency, the Department of Health and Human Services.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Children's National was also the recipient of funding under Assistance Listing Number # 93.498, Provider Relief Funds, and as required by the 2022 Compliance Supplement such expenditures have been included in the SEFA for the year ended June 30, 2022. The expenditures included in the SEFA is based upon the Provider Relief Fund reports submitted to the U.S. Department of Health and Human Services due by March 31, 2022.