Title: Note 1: Basis of Presentation
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 reimbursement. Provider Relief Funding (PRF) is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms, and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 1, due June 30, 2021.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Pinckneyville Community Hospital District (the Hospital). 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 (the Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Hospital, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Hospital.
Title: Note 3: Indirect Cost
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 reimbursement. Provider Relief Funding (PRF) is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms, and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 1, due June 30, 2021.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Hospital has not elected to use the 10-percent de minimis indirect cost rate allowed under the UniformGuidance.
Title: Note 4: Subrecipients
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 reimbursement. Provider Relief Funding (PRF) is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms, and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 1, due June 30, 2021.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Hospital passed no federal awards through to sub-recipients.
Title: Note 5: Returned Funds and Interest Earned on Provider Relief Funds
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 reimbursement. Provider Relief Funding (PRF) is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms, and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 1, due June 30, 2021.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Hospital received a total of $4,306,698 in PRF in the initial Phases of funding and recognized $4,183 of interest earned on PRF proceeds which was used for allowable purposes. The Hospital was unable to utilize all of these funds and returned timely $301,836 of unused PRF, including interest, after its required reporting was completed. The retained and expended amount of PRF plus allowable interest income earned on PRF funds of $4,009,045 is include in the Schedule.
Title: Note 6: Balance of Outstanding Loans
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 reimbursement. Provider Relief Funding (PRF) is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms, and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 1, due June 30, 2021.
De Minimis Rate Used: N
Rate Explanation: The Hospital has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule includes only new disbursements of loan dollars that were provided by the U.S. Department of Agriculture and expended by the Hospital for a construction project during the year ended April 30, 2022. The balance of all existing outstanding loans and guaranteed loan balances under the Community Facilities Loans and Grant Program on April 30, 2022, was as follows: Community Facilities Loans and Grant - Federal CFDA Number 10.766 - Amount Outstanding $27,975,000.