Title: Community Facilities Loan
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting, with the exception for the COVID19 HRSA Claims Reimbursement for the Uninsured Program and the COVID19 Coverage Assistance Fund (Uninsured Program), are based on when the claim is determined eligible evidenced by the receipt of monies from the federal agency. When applicable, 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. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: Community Memorial Hospital, Inc. has not elected to use the 10% de minimis cost rate.
Expenditures reported in this schedule consist of the beginning of the year outstanding loan balance for the direct loan. There were no loan advances during the year ended December 31, 2022. The outstanding balance at December 31, 2022 was $3,214,147 for the direct USDA loan.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting, with the exception for the COVID19 HRSA Claims Reimbursement for the Uninsured Program and the COVID19 Coverage Assistance Fund (Uninsured Program), are based on when the claim is determined eligible evidenced by the receipt of monies from the federal agency. When applicable, 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. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: Community Memorial Hospital, Inc. has not elected to use the 10% de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Community Memorial Hospital, Inc. under programs of the federal government for the year ended December 31, 2022. The information 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 Community Memorial Hospital, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Community Memorial Hospital, Inc.
Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting, with the exception for the COVID19 HRSA Claims Reimbursement for the Uninsured Program and the COVID19 Coverage Assistance Fund (Uninsured Program), are based on when the claim is determined eligible evidenced by the receipt of monies from the federal agency. When applicable, 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. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: Community Memorial Hospital, Inc. has not elected to use the 10% de minimis cost rate.
Community Memorial Hospital, Inc. received amounts from the U.S. Department of Health and Human Services (HHS) through the Provider Relief Fund (PRF) and American Rescue Plan Rural Distribution (ARP) program (Federal Financial Assistance Listing #93.498) during the years ended December 31, 2022 and 2021. Community Memorial Hospital, Inc. incurred eligible expenditures, and therefore, recognized revenues totaling $0 and$2,191,200 for the years then ended December 31, 2022 and December 31, 2021, respectively, on the financial statements. In accordance with the 2022 compliance supplement, the PRF expenditures recognized on the schedule are based on the reporting to HHS for Period 3, defined as payments received during January 1, 2021 to June 30, 2021 and Period 4, defined as payments received during July 1, 2021 to December 31, 2021 of $317,204, plus interest earned of $1,651, as required under the PRF program. Community Memorial Hospital, Inc. did not receive funding during Period 3.