Audit 364849

Title: 1. Summary of Significant Accounting Policies Accounting Policies: Basis of Presentation: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs administered by Brooks-TLC Hospital System, Inc. (the System), an entity as described in Note 1 to its financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the SEFA. Basis of Accounting: The System uses the accrual basis of accounting for the federal programs, consistent with the financial statements. The amounts reported as federal expenditures were obtained from the appropriate financial reports for the applicable program and period. The amounts reported in these financial reports are prepared from records maintained for the programs, which are periodically reconciled to the System’s financial reporting system. Indirect Costs: The System does not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Indirect Costs: The System does not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance. Basis of Presentation: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs administered by Brooks-TLC Hospital System, Inc. (the System), an entity as described in Note 1 to its financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the SEFA. Basis of Accounting: The System uses the accrual basis of accounting for the federal programs, consistent with the financial statements. The amounts reported as federal expenditures were obtained from the appropriate financial reports for the applicable program and period. The amounts reported in these financial reports are prepared from records maintained for the programs, which are periodically reconciled to the System’s financial reporting system. Indirect Costs: The System does not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance.