Audit 38642

Title: U.S. DHHS CARES ACT PROVIDER RELIEF FUND Accounting Policies: Expenditures for direct and indirect costs are recognized as incurred using the accrual method of accounting and the cost accounting principles contained in the Uniform Guidance, as applicable. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement. The categorization of expenditures by program included in the Schedule is based upon the Assistance Listing Number (ALN). No grant monies expended and reported within the Schedule were passed-through to subrecipients. De Minimis Rate Used: Y Rate Explanation: If necessary, the Organization will elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The Schedule includes grant activity related to the HHS CARES Act ALN 93.498, Provider Relief Funds (PRF). As required by the 2021 OMB Compliance Supplement, the Schedule includes all PRFs received between April 10, 2020 and June 30, 2020 (Reporting Period 1), and expended by June 30, 2021, as well as PRFs received between July 1, 2020 and December 31, 2020 and expended by December 31, 2021 (Reporting Period 2). Mount Desert Island Hospital (TIN 01-0211797) was the recipient of $5,645,447 and $748,333 of PRF funding during Reporting Period 1 and 2, respectively. Birch Bay Retirement Village (TIN 01-0481696) was the recipient of $102,136 of PRF funding during Reporting Period 2. Birch Bay Retirement Village did not receive any PRF funding during Reporting Period 1. The PRF funds were used to cover direct expenditures and lost revenues.

Title: Donated Personal Protective Equipment (PPE) (Unaudited) Accounting Policies: Expenditures for direct and indirect costs are recognized as incurred using the accrual method of accounting and the cost accounting principles contained in the Uniform Guidance, as applicable. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement. The categorization of expenditures by program included in the Schedule is based upon the Assistance Listing Number (ALN). No grant monies expended and reported within the Schedule were passed-through to subrecipients. De Minimis Rate Used: Y Rate Explanation: If necessary, the Organization will elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. During the year ended April 30, 2022, the Organization did not receive donated PPE.