Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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 of Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: SEVHS has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The preceding schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Southeastern Virginia Health System under programs of the federal government for the year ended December 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Southeastern Virginia Health System, it is not intended to and does not present
the financial position, changes in net assets, or cash flows of the Southeastern Virginia Health System.
Title: Basis of Accounting
Accounting Policies: 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 of Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: SEVHS has elected not to use the 10 percent de minimis indirect cost rate as 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.
Pass-through entity identifying numbers are presented where available.
Title: Indirect Cost Rate
Accounting Policies: 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 of Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: SEVHS has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
SEVHS has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Sub-recipients
Accounting Policies: 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 of Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: SEVHS has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
No funds were passed through or provided to sub-recipients during the year ended December 31, 2024.