Notes to SEFA
Guam Memorial Hospital Authority (GMHA) is a component unit of the Government of Guam (GovGuam), a governmental entity created on July 26, 1977, under Public Law No. 14-29 as an autonomous agency of GovGuam. Only the transactions of GMHA are included within the scope of the Single Audit.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of GMHA under programs of the federal government for the year ended September 30, 2025. 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 GMHA, it is not intended to and does not present the net position, changes in net position or cash flows of GMHA.
Basis of Accounting Expenditures reported in the Schedule are reported on the accrual basis of accounting, consistent with the manner in which GMHA maintains its accounting records. 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 financial statements. All expenses and capital outlays are reported as expenditures. Pass-through entity identifying numbers are presented where available. Matching Costs Matching costs, i.e., the non-federal share of certain program costs, are not included in the Schedule. Indirect Cost Rate GMHA does not elect to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.