Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Mount St. Joseph – St. Elizabeth dba Epiphany Center (“Epiphany
Center”), under the programs of the federal government for the year ended June 30, 2024. The
Schedule is presented in accordance with 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
Epiphany Center, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Epiphany Center.
De Minimis Rate Used: N
Rate Explanation: Epiphany Center did not elect to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Mount St. Joseph – St. Elizabeth dba Epiphany Center (“Epiphany
Center”), under the programs of the federal government for the year ended June 30, 2024. The
Schedule is presented in accordance with 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
Epiphany Center, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Epiphany Center.
Title: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Mount St. Joseph – St. Elizabeth dba Epiphany Center (“Epiphany
Center”), under the programs of the federal government for the year ended June 30, 2024. The
Schedule is presented in accordance with 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
Epiphany Center, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Epiphany Center.
De Minimis Rate Used: N
Rate Explanation: Epiphany Center did not elect to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in the 2 CFR 200, Subpart E
(Cost Principles), wherein certain types of expenditures are not allowed or limited as to
reimbursement. Epiphany Center did not elect to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
Title: Pass-through to Sub-recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Mount St. Joseph – St. Elizabeth dba Epiphany Center (“Epiphany
Center”), under the programs of the federal government for the year ended June 30, 2024. The
Schedule is presented in accordance with 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
Epiphany Center, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Epiphany Center.
De Minimis Rate Used: N
Rate Explanation: Epiphany Center did not elect to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
Epiphany Center did not provide any federal awards to sub-recipients.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the
federal award activity of Mount St. Joseph – St. Elizabeth dba Epiphany Center (“Epiphany
Center”), under the programs of the federal government for the year ended June 30, 2024. The
Schedule is presented in accordance with 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
Epiphany Center, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of Epiphany Center.
De Minimis Rate Used: N
Rate Explanation: Epiphany Center did not elect to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
Epiphany Center did not receive federal insurance, loans, or non-cash assistance during the year
ended June 30, 2024.