Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the "Schedule") includes federal award activity for by Independent Healthcare Management, Inc. d/b/a Lackey Memorial Hospital (the "Hospital") under programs of the federal government for the year ended December 31, 2022. 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 presented 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 position or cash flows of the Hospital.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Expenditures included for COVID-19 Provider Relief Fund and American Rescue Plan ("ARP") Rural Distribution are presented in accordance with requirements outlined in the U.S. Department of Health and Human Services' ("HHS") terms and conditions for June 30, 2022, and December 31, 2022, Provider Relief Fund reports. 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. The Hospital did not elect to use the 10% de minimis indirect cost rate. Pass-through entity identifying numbers are presented when available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.