Notes to SEFA
Title: COVID-19 Provider Relief Fund (PRF)
Accounting Policies: 1. Basis of Presentation The accompanying schedule of expenditures of federal awards includes the federal grant activity of Dayton Childrens Hospital and Subsidiaries (the Hospital) and is presented using the accrual basis of accounting. The information in the schedule of expenditures of federal awards is presented in accordance with 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).
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
3. COVID-19 Provider Relief Fund (PRF) and American Rescue Plan (ARP) Rural Distribution (Assistance Listing No. 93.498) The accompanying schedule of expenditures of federal awards includes $8,422,348 received from the U.S. Department of Health and Human Services (HHS) between April 10, 2020 through June 30, 2021 under the COVID-19 PRF and ARP Rural Distribution Assistance Listing No. 93.498. In accordance with guidance from HHS, these amounts are presented as Period 2 in the HHS PRF Reporting Portal. Such amounts were recognized as other revenue in the Hospitals in the consolidated statement of operations and changes in net assets for the year ended June 30, 2021. The amount presented on the accompanying schedule of expenditures of federal awards for Assistance Listing 93.498 is for the fiscal year ended June 30, 2021. The amount presented reconciles to the PRF information reported to HHS through the HHS PRF reporting portal as follows: Name of Reporting Entity for HHS Reporting Period 2 Provider Relief Fund Report: Dayton Childrens Hospital; Reporting Entity Tax Identification Number (TIN): 31-0672132; Type of Distribution: Targeted; Total Other Provider Relief Fund Expenses Reported: $0; Total Lost Revenue Reported: $8,422,348; Total: $8,422,348