Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
MORTGAGE INSURANCE_HOSPITALS (14.128) - Balances outstanding at the end of the audit period were 12506065. MORTGAGE INSURANCE_HOSPITALS (14.128) - Balances outstanding at the end of the audit period were 1577613.
Title: Provider Relief Fund
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Hospital received amounts from DHHS through the Provider Relief Fund and AmericanRescue Plan (ARP) Rural Distributions program (Federal Financial Assistance Listing No. 93.498) during the year ended December 31, 2021 totalling $3,217,305. The Hospital incurred eligible expenses (including lost revenue) and, therefore, recognized revenue consisting of $3,217,305 for the year ended December 31, 2021 on the consolidated financial statements. In accordance with the 2022 compliance supplement, the programs expenditures recognized on the schedule are based on the reporting to DHHS for Periods 3 and 4, defined as payments received during January 1, 2021 to December 31, 2021 of $3,217,305, as required under the program.The Provider Relief Funds included in the Schedule were received by the following entities (legal name and tax identification number):Legal Entity Name Tax Identification NumberOswego Hospital 15-0532220Physician Care, PC 90-0864974