Notes to SEFA
Title: SCOPE OF AUDIT
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying Supplemental Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Cincinnati Childrens under programs of the federal government for the year ended June 30, 2022 and is presented on the accrual basis of accounting. This is consistent with the basis of accounting used in the preparation of the basic consolidated financial statements. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Cincinnati Childrens, it is not intended to and does not present the financial position, changes in net assets or cash flows of Cincinnati Childrens. Net Asset Balances Negative amounts represent grants with deficit balances which were closed during fiscal 2022.
De Minimis Rate Used: N
Rate Explanation: DE MINIMIS COST RATE Cincinnati Childrens did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
All federal grant operations of Cincinnati Childrens are included in the scope of Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Single audits under the Uniform Guidance are performed in accordance with the provisions of the Office of Management and Budget (OMB)s Compliance Supplement for Single Audits of Higher Learning Institutions and other Non-Profit Institutions (the Compliance Supplement). The Department of Health and Human Services has been designated as Cincinnati Childrens cognizant agency for the Single audit.
Title: PROVIDER RELIEF FUND TAX IDENTIFCATION NUMBER
Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying Supplemental Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of Cincinnati Childrens under programs of the federal government for the year ended June 30, 2022 and is presented on the accrual basis of accounting. This is consistent with the basis of accounting used in the preparation of the basic consolidated financial statements. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Cincinnati Childrens, it is not intended to and does not present the financial position, changes in net assets or cash flows of Cincinnati Childrens. Net Asset Balances Negative amounts represent grants with deficit balances which were closed during fiscal 2022.
De Minimis Rate Used: N
Rate Explanation: DE MINIMIS COST RATE Cincinnati Childrens did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Cincinnati Children's received COVID-19 Provider Relief funds under the 31-0833936 tax identification number only.