Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Children’s National Medical Center and Subsidiaries (“Children’s National”) under programs of the federal government for the year ended June 30, 2025. Because the Schedule presents only a selected portion of the operations of Children’s National, it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of Children’s National. The information in 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 (Uniform Guidance). Assistance listing numbers and pass-through entity identification numbers are listed when available.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles for Hospitals wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Children’s National applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% or 15% de minimis cost rate as described in Section 200.414 of the Uniform Guidance. Indirect costs allocated to such awards for the year ended June 30, 2025 were based on predetermined rates negotiated with Children’s National cognizant federal agency, the Department of Health and Human Services.
Children’s National applied for reimbursement of certain expenses related to the COVID-19 pandemic under Assistance Listing 97.036, Disaster Grants - Public Assistance (Presidentially Declared Disasters). Expenditures are and will bereflected in the Schedule in the year in which a project application is obligated. The Schedule thus includes $60,637 of expenditures incurred in fiscal year 2024, which were obligatedin fiscal year 2025.