Notes to SEFA
Title: Significant Accounting Policies Used in Preparing the Schedule of Expenditures of Federal Awards
Accounting Policies: The schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Children’s Hospital Medical Center of Akron and Affiliates, d.b.a. Akron Children’s, Employer Identification Number 34-0714357, and is presented on the accrual basis of accounting. The information in the 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.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are charged to grants only when allowed and using specific agreed rates.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal
grant activity of Children’s Hospital Medical Center of Akron and Affiliates, d.b.a. Akron
Children’s, Employer Identification Number 34-0714357, and is presented on the accrual basis of
accounting. The information in the 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.
Title: 10% De Minimis Cost Rate
Accounting Policies: The schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Children’s Hospital Medical Center of Akron and Affiliates, d.b.a. Akron Children’s, Employer Identification Number 34-0714357, and is presented on the accrual basis of accounting. The information in the 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.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are charged to grants only when allowed and using specific agreed rates.
Akron Children’s has not elected to use the 10% de minimis indirect cost rate as allowed under
the Uniform Guidance.
Title: Ohio Department of Health Payments
Accounting Policies: The schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Children’s Hospital Medical Center of Akron and Affiliates, d.b.a. Akron Children’s, Employer Identification Number 34-0714357, and is presented on the accrual basis of accounting. The information in the 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.
De Minimis Rate Used: N
Rate Explanation: Indirect costs are charged to grants only when allowed and using specific agreed rates.
The table below outlines the payments Akron Children’s has received from the Ohio Department
of Health for programs.