Notes to SEFA
The accompanying schedule of expenditures of federal awards presents the expenditures of all federal award programs received by Kuakini Health System and Subsidiaries (the "Health System").
The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, certain amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the consolidated financial statements.
The Health System has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.