Notes to SEFA
Title: Donated Personal Protective Equipment (PPE) (Unaudited)
Accounting Policies: Expenditures for direct costs are recognized as incurred using the accrual method of accounting and the cost accounting principles contained in Uniform Guidance, as applicable. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement. The categorization of expenditures by program included in the Schedule is based upon the Assistance Listing Number (ALN). No grant monies expended and reported within the Schedule were passed-through to subrecipients. The Organization has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
During the year ended September 30, 2022, the Organization did not receive donated PPE.
Title: US DHHS CARES ACT PROVIDER RELIEF FUND
Accounting Policies: Expenditures for direct costs are recognized as incurred using the accrual method of accounting and the cost accounting principles contained in Uniform Guidance, as applicable. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement. The categorization of expenditures by program included in the Schedule is based upon the Assistance Listing Number (ALN). No grant monies expended and reported within the Schedule were passed-through to subrecipients. The Organization has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Schedule includes grant activity related to the United States Department of Health and Human Services CARES Act ALN 93.498, Provider Relief Funds (PRF). As required by the 2022 OMB Compliance Supplement, the Schedule includes all PRFs received between July 1, 2020 and December 31, 2020 (Reporting Period 2), and expended by December 31, 2021, as well as PRFs received between January 1, 2021 and June 30, 2021 (Reporting Period 3) and expended by June 30, 2022. Milford Regional Medical Center (TIN 04-2103602) was the recipient of $10,400,000 of PRF funding during Reporting Period 2. Milford Regional Medical Center and the Physician Group (TIN 04-3159969) were recipients of $1,771,497 and $793,726 of PRF funding during Reporting Period 3, respectively. The PRF funds were used to cover direct expenditures and lost revenues.
Title: United States Department of Homeland Security Federal Emergency Managemen
Accounting Policies: Expenditures for direct costs are recognized as incurred using the accrual method of accounting and the cost accounting principles contained in Uniform Guidance, as applicable. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement. The categorization of expenditures by program included in the Schedule is based upon the Assistance Listing Number (ALN). No grant monies expended and reported within the Schedule were passed-through to subrecipients. The Organization has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Schedule includes expenditures totaling $1,914,579 being reported under the United States Department of Homeland Security Federal Emergency Management Agency (FEMA) ALN 97.036 that were incurred by the Organization during the year ended September 30, 2020. The Organization's Project Worksheet covering these expenditures were approved by FEMA during the year ended September 30, 2022 and, in accordance with OMB Compliance Supplement, these expenditures are therefore reported on the Schedule during the year ended September 30, 2022.