Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized under the cost principles contained in the Uniform Guidance or 45 CFR Part 75 Appendix IX, Principles for Determining Costs Applicable to Research and Development Under Grants and Contracts with Hospitals, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Driscoll Children’s Hospital and Subsidiaries has not elected to use the de minimis indirect cost rate of 10%.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Driscoll Children’s Hospital and Subsidiaries under programs of the federal government for the year ended August 31, 2024. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Driscoll Children’s Hospital and Subsidiaries, it is not intended to and does not present the consolidated financial position, results of operations, changes in net assets, or cash flows of Driscoll Children’s Hospital and Subsidiaries.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized under the cost principles contained in the Uniform Guidance or 45 CFR Part 75 Appendix IX, Principles for Determining Costs Applicable to Research and Development Under Grants and Contracts with Hospitals, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Driscoll Children’s Hospital and Subsidiaries has not elected to use the de minimis indirect cost rate of 10%.
Driscoll Children’s Hospital and Subsidiaries did not pass any funds through to subrecipients.
Title: Disaster Grants – Public Assistance (Presidentially Declared Disasters)
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized under the cost principles contained in the Uniform Guidance or 45 CFR Part 75 Appendix IX, Principles for Determining Costs Applicable to Research and Development Under Grants and Contracts with Hospitals, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Driscoll Children’s Hospital and Subsidiaries has not elected to use the de minimis indirect cost rate of 10%.
For the Federal Emergency Management Agency (FEMA), Department of Homeland Security’s Disaster Grants – Public Assistance (Presidentially Declared Disasters) (Assistance Listing Number 97.036), non-federal entities must record expenditures on the Schedule when (1) FEMA has approved the non-federal entity’s project worksheet and (2) the non-federal entity has incurred the eligible expenditures. In fiscal year 2024, Driscoll Children’s Hospital received approval from the Texas Division of Emergency Management related to the reimbursement of eligible costs of $84,039 incurred in the prior fiscal years. These previous years expenditures are included on the Schedule in the current year in accordance with guidance provided by FEMA.