Notes to SEFA
Title: Noncash Assistance
Accounting Policies: 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 Authority, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Authority. Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The Authority has a Hospital Rate Agreement with the Federal Government for approved indirect rates.
The Authority received noncash assistance of $8,912,737 in the form of food instruments Assistance Listing Number (ALN) (ALN 10.557) during the year ended December 31, 2022, which were passed through from the Colorado Department of Public Health and Environment. Distribution of the food instruments is reflected in the Schedule of Federal Expenditures.