Notes to SEFA
Title: NOTE A--BASIS OF PRESENTATION
Accounting Policies: De Minimus Indirect Cost Rate: The System has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: De Minimus Indirect Cost Rate: The System has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the grant activity of Northeast Georgia Health System, Inc. and Affiliates (the System) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
Title: NOTE B--SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: De Minimus Indirect Cost Rate: The System has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: De Minimus Indirect Cost Rate: The System has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimus Indirect Cost Rate: The System has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
Title: NOTE C--CONTENGENCIES
Accounting Policies: De Minimus Indirect Cost Rate: The System has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: De Minimus Indirect Cost Rate: The System has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
The System's federal programs are subject to financial and compliance audits by grantor agencies which, if instances of material noncompliance are found, may result in disallowed expenditures and affect the System's continued participation in specific programs. The amount, if any, of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the System expects such amounts, if any, to be immaterial.
Title: NOTE D--PROVIDER RELIEF FUNDS AND AMERICAN RESCUE PLAN RURAL DISTRIBUTIONS
Accounting Policies: De Minimus Indirect Cost Rate: The System has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: De Minimus Indirect Cost Rate: The System has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.
As discussed in Note O to the accompanying consolidated financial statements, the System received a significant amount of funding from the Coronavirus Aid, Relief, and Economic Secuirty (CARES) Act Provider Relief Fund (PRF) and American Rescue Plan (ARP) Rural Distribution programs. Expenditures under these programs are subject to the Uniform Guidance. In accordance with the 2024 Compliance Supplement, PRF and ARP amounts received from July 1, 2022 to December 31, 2022, that were used by December 31, 2023, are the only amounts included in the accompanying schedule of expenditures of federal awards. Accordingly, amounts received subsequent to December 31, 2022, have not been included in the accompanying schedule of epxenditures of federal awards.