Title: Loan/loan guarantee outstanding balances
Accounting Policies: Note 2: Summary of Significant Accounting PoliciesWith the exception of expenditures related to the Provider Relief Fund ("PRF") and the Mortgage Insurance Hospitals program, expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 3, due September 30, 2022 and reporting period 4, due December 31, 2022.
De Minimis Rate Used: Y
Rate Explanation: Note 3: Indirect Cost RateRidgecrest Regional Hospital, Subsidiary, and Affiliate has elected to use the 10-percent de minimis indirect costrate allowed under the Uniform Guidance.
MORTGAGE INSURANCE_HOSPITALS (14.128) - Balances outstanding at the end of the audit period were 43084674.
Title: Note 4: Sub-Recipients
Accounting Policies: Note 2: Summary of Significant Accounting PoliciesWith the exception of expenditures related to the Provider Relief Fund ("PRF") and the Mortgage Insurance Hospitals program, expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 3, due September 30, 2022 and reporting period 4, due December 31, 2022.
De Minimis Rate Used: Y
Rate Explanation: Note 3: Indirect Cost RateRidgecrest Regional Hospital, Subsidiary, and Affiliate has elected to use the 10-percent de minimis indirect costrate allowed under the Uniform Guidance.
Ridgecrest Regional Hospital, Subsidiary, and Affiliate does not have any sub-recipients of federal awards.
Title: Note 6: Donated Personal Protective Equipment (Unaudited)
Accounting Policies: Note 2: Summary of Significant Accounting PoliciesWith the exception of expenditures related to the Provider Relief Fund ("PRF") and the Mortgage Insurance Hospitals program, expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 3, due September 30, 2022 and reporting period 4, due December 31, 2022.
De Minimis Rate Used: Y
Rate Explanation: Note 3: Indirect Cost RateRidgecrest Regional Hospital, Subsidiary, and Affiliate has elected to use the 10-percent de minimis indirect costrate allowed under the Uniform Guidance.
Ridgecrest Regional Hospital, Subsidiary, and Affiliate received donated personal protective equipment (PPE) from various federal agencies during the COVID-19 pandemic. In accordance with guidance provided by the 2022 Compliance Supplement, these amounts were not included as expenditures on the schedule of expenditures of federal awards. The fair market value of the donated PPE was approximately $15,088 and was received from the State of California.
Title: Note 1: General
Accounting Policies: Note 2: Summary of Significant Accounting PoliciesWith the exception of expenditures related to the Provider Relief Fund ("PRF") and the Mortgage Insurance Hospitals program, expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 3, due September 30, 2022 and reporting period 4, due December 31, 2022.
De Minimis Rate Used: Y
Rate Explanation: Note 3: Indirect Cost RateRidgecrest Regional Hospital, Subsidiary, and Affiliate has elected to use the 10-percent de minimis indirect costrate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Ridgecrest Regional Hospital, Subsidiary, and Affiliate under programs of the federal governments for the year ended December 31, 2022. The information in this schedule is presented in accordance with requirements of theTitle 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 Ridgecrest Regional Hospital, Subsidiary, and Affiliate, it is not intended to and does not present the financial position, changes in net assets or cash flows of Ridgecrest Regional Hospital, Subsidiary, and Affiliate.