Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negative amountsshown on the Schedule, if any, represent adjustments or credits made in the normal course of business toamounts reported as expenditures in prior years. Pass-through entity identifying numbers are presentedwhere available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalaward activity of Richmond University Medical Center (the Medical Center) under programs of thefederal government for the year ended December 31, 2022. The information in the Schedule ispresented 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 theMedical Center, it is not intended to and does not present the financial position, changes in net assetsor cash flows of the Medical Center.
Title: NON CASH DISBURSEMENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negative amountsshown on the Schedule, if any, represent adjustments or credits made in the normal course of business toamounts reported as expenditures in prior years. Pass-through entity identifying numbers are presentedwhere available.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
During the year ended December 31, 2022, the Medical Center disbursed $1,391,123 in food vouchersunder the Special Supplemental Nutrition Program for Women, Infants and Children (AL #10.557).