Notes to SEFA
The following is a summary of significant accounting policies relating to Yale New Haven Health Services Corporation, d/b/a Yale New Haven Health System and Subsidiaries’ (the System) federal grant programs. (a) Basis for Presentation - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the System under programs of the federal government and is presented on the accrual basis of accounting. 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). Such expenditures are recognized following the cost principles contained in 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 in, or used in the preparation of, the System’s consolidated financial statements. Because the Schedule presents only a selected portion of the operations of the System, is it not intended to, and does not, present the consolidated financial position, changes in net assets, or cash flows of the System. (b) Indirect Costs- The System has elected not to use the de minimis indirect cost rate as allowed under the Uniform Guidance. (c) Consolidating Reporting Consolidated Reporting Federal expenditures of the following entities are included in the accompanying Schedule for the year ended September 30, 2025: Yale-New Haven Health Services Corporation $ 3,359,485 Yale-New Haven Hospital 12,596,837 Bridgeport Hospital 3,264,997 Lawrence & Memorial Corporation 1,141,266 Total $ 20,362,585
During the year ended September 30, 2025, the System provided nutritional counseling and distribution of food vouchers through the State of Connecticut Department of Public Health Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). The U.S. Department of Agriculture, the federal agency that sponsors the WIC program, has determined that such WIC food instruments are considered “property in lieu of money” and, therefore, should be reported as federal awards expended by the System. The total amount reported as federal awards on the accompanying Schedule is $9,977,735, representing the value of food vouchers redeemed of $8,126,736 plus administrative costs of $1,850,999.