Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Huntsville Community Hospital, Inc.’s and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the applicable 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 of expenditures of federal awards presents only a selected portion of the operations of Huntsville Community Hospital, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of Huntsville Community Hospital, Inc.
De Minimis Rate Used: Y
Rate Explanation: Huntsville Community Hospital, Inc., has elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Huntsville Community Hospital, Inc.’s and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the applicable 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 of expenditures of federal awards presents only a selected portion of the operations of Huntsville Community Hospital, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of Huntsville Community Hospital, Inc.
Title: Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Huntsville Community Hospital, Inc.’s and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the applicable 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 of expenditures of federal awards presents only a selected portion of the operations of Huntsville Community Hospital, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of Huntsville Community Hospital, Inc.
De Minimis Rate Used: Y
Rate Explanation: Huntsville Community Hospital, Inc., has elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance.
No funds were identified as having been provided to subrecipients by Huntsville Community Hospital, Inc., and accordingly, no funds identified in the schedule of expenditures of federal awards are attributable to subrecipient entities. There were no federal awards expended for noncash assistance or insurance. Huntsville Community Hospital, Inc., has elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance.
Title: Reconciliation of SEFA and Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Huntsville Community Hospital, Inc.’s and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the applicable 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 of expenditures of federal awards presents only a selected portion of the operations of Huntsville Community Hospital, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of Huntsville Community Hospital, Inc.
De Minimis Rate Used: Y
Rate Explanation: Huntsville Community Hospital, Inc., has elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance.
The financial statements reflect revenue recognized from the Provider Relief Fund of approximately $5,572,000 and $2,596,000 for the years ended June 30, 2022, and June 30, 2021. The SEFA includes Provider Relief Funds of approximately $2,950,000 that were received in Period 2 in accordance with the requirements of the compliance supplement for assistance listing number 93.498.