Title: 1. Organization and Operations
Accounting Policies: 2. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal financial assistance received by the Company in the form of grants, cooperative agreements, and direct appropriations, and is presented using the accrual basis of accounting. The Company receives awards both directly from federal agencies and as pass-throughs from other state and local organizations. The information on this 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 for Federal Awards (the 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 of the Company.
De Minimis Rate Used: N
Rate Explanation: 3. Indirect Costs
The Uniform Guidance provides for a 10% de minimis indirect cost rate election; however, the Company uses a negotiated indirect cost rate.
Phoenix Children’s Hospital (the Hospital) is a member-based Arizona nonprofit corporation
exempt from income taxes under Internal Revenue Code (Code) Section 501(c)(3). The Hospital
operates with the mission to advance hope, healing and the best healthcare for children and their
families, as well as the vision that the Hospital will be the leading pediatric health system in the
Southwest, nationally recognized for exceptional care, innovative research and advanced medical
education. The Hospital includes two pediatric hospitals with 557 licensed beds, specialty and
urgent care centers, community pediatric practices, outpatient clinics, outpatient surgery centers
and community service-related outpatient clinics throughout the state of Arizona.
The Hospital, with over 8,000 employees and a medical staff of 1,400 providers, is one of the
country’s largest and busiest pediatric health systems. The Hospital provides care to the state’s
pediatric patients in more than 75 subspecialities and includes 8 Centers of Excellence offering
interdisciplinary care: Center for Cancer and Blood Disorders, Phoenix Children’s Center for Heart
Center, Barrow Neurological Institute of Phoenix Children’s Hospital, Center for Pediatric
Orthopedics and Sports Medicine, Level 1 Pediatric Trauma Center, Center for Fetal and Neonatal
Care, Center for Cleft and Craniofacial Care and Center for Spine Care.
Title: 2. Basis of Presentation
Accounting Policies: 2. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal financial assistance received by the Company in the form of grants, cooperative agreements, and direct appropriations, and is presented using the accrual basis of accounting. The Company receives awards both directly from federal agencies and as pass-throughs from other state and local organizations. The information on this 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 for Federal Awards (the 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 of the Company.
De Minimis Rate Used: N
Rate Explanation: 3. Indirect Costs
The Uniform Guidance provides for a 10% de minimis indirect cost rate election; however, the Company uses a negotiated indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
federal financial assistance received by the Company in the form of grants, cooperative
agreements, and direct appropriations, and is presented using the accrual basis of accounting. The
Company receives awards both directly from federal agencies and as pass-throughs from other
state and local organizations. The information on this 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 for Federal Awards (the 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 of the Company.
Title: 3. Indirect Costs
Accounting Policies: 2. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal financial assistance received by the Company in the form of grants, cooperative agreements, and direct appropriations, and is presented using the accrual basis of accounting. The Company receives awards both directly from federal agencies and as pass-throughs from other state and local organizations. The information on this 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 for Federal Awards (the 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 of the Company.
De Minimis Rate Used: N
Rate Explanation: 3. Indirect Costs
The Uniform Guidance provides for a 10% de minimis indirect cost rate election; however, the Company uses a negotiated indirect cost rate.
The Uniform Guidance provides for a 10% de minimis indirect cost rate election; however, the
Company uses a negotiated indirect cost rate.