Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, 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.
De Minimis Rate Used: N
Rate Explanation: Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center has elected not 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 Hospital District No. 6, Harper County, Kansas d/b/a Patterson Health Center under programs of the federal government for the year ended December 31, 2024. The information in this 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 Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center, it is not intended to and does not present the financial position, changes in net position, or cash flows of Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, 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.
De Minimis Rate Used: N
Rate Explanation: Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center has elected not 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 Uniform Guidance, 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.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, 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.
De Minimis Rate Used: N
Rate Explanation: Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Federal Loan Programs
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, 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.
De Minimis Rate Used: N
Rate Explanation: Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Effective July 14, 2014, Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center entered into the Hospital District No. 6 of Harper County, Kansas, Revenue Bond, Series 2014, issued under the United States Department of Agriculture (USDA), Rural Development program in the amount of $475,000 and bearing interest at 4.00% for the radiology department remodeling project. The balance outstanding at December 31, 2024, of the USDA loan, is $190,191, as reported in Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center's balance sheet.
Effective November 1, 2017, Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center entered into the Hospital District No. 6 of Harper County, Kansas, Revenue Bond, Series 2017, issued under the United States Department of Agriculture (USDA), Rural Development program in the amount of $1,810,000 and bearing interest at 2.35% for refunding of debt. The balance outstanding at December 31, 2024, of the USDA loan, is $1,493,878, as reported in Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center's balance sheet.
Effective December 20, 2018, the Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center entered into the Hospital District No. 6 of Harper County, Kansas, Revenue Bond, Series 2018, issued under the United States Department of Agriculture (USDA), Rural Development program in the amount of $4,900,000 and bearing interest at 3.50% for the purchase of equipment. The balance outstanding at December 31, 2024, of the USDA loan, is $2,164,114, as reported in Hospital District No. 6 of Harper County, Kansas d/b/a Patterson Health Center's balance sheet.