Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the Hospitals consolidated financial statements for the year ended September 30, 2022. Such expenditures are recognized following the cost principles contained in accordance with the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented, or used in the preparation of, the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: During the year ended September 30, 2022, the Hospital did not elect to use the 10% de minimis cost rate as covered in ?200.414 of the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of The Womans Hospital Foundation d/b/a Womans Hospital (the Hospital) under programs of the federal government for the year ended September 30, 2022. 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). Because the Schedule presents only a selected portion of the operations of the Hospital, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Hospital. The Hospitals reporting entity is defined in Note 1 to the consolidated financial statements for the year ended September 30, 2022.
Title: Relationship to Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, which is described in Note 1 to the Hospitals consolidated financial statements for the year ended September 30, 2022. Such expenditures are recognized following the cost principles contained in accordance with the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in this schedule may differ from amounts presented, or used in the preparation of, the consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: During the year ended September 30, 2022, the Hospital did not elect to use the 10% de minimis cost rate as covered in ?200.414 of the Uniform Guidance.
Federal revenues are reported in the Consolidated Statements of Operations as the category Other operating revenues. Provider Relief Funds were received during the period of July 1, 2020 through December 31, 2020, but are recognized as revenue in fiscal year 2021 when the requirements for revenue recognition were met. Period 2 Provider Relief Funds are required to be reported on the Hospitals September 30, 2022 Schedule, based on guidance in the 2022 Compliance Supplement. Amounts reported in the Schedule for Provider Relief Funds agree with the amounts reported in the Provider Relief Fund reporting portal for Period 2 funds received.Pass through grant revenues expended during the fiscal year ended September 30, 2022 are reported in the statement of operations as contributions and grants without restrictions.