Notes to SEFA
Title: Note 3 Contingency
Accounting Policies: Expenditures for federal award programs are reported on the accrual basis of accounting. Pass through entity identifying numbers are presented where available. Expenditures consist of direct and indirect costs. Direct costs are those that can be easily identified with an individual federally sponsored project; whereas, indirect costs cannot be easily identified with an individual sponsored project. Indirect costs are the costs of services and resources that may benefit sponsored projects as well as non sponsored projects and activities.The Association and federal agencies use an indirect cost rate to charge indirect costs to individual sponsored projects. In 2022, the Association has elected to use the 10% de minimis indirect cost rate to recover indirect costs as allowed under the Uniform Guidance for the ASPR Hospital Preparedness Programs for 2021/2022 and 2022/2023. During the year ended December 31, 2022, the Association charged facilities and administrative costs of $233,069 based upon de minimis rates.
De Minimis Rate Used: Y
Rate Explanation: Expenditures for federal award programs are reported on the accrual basis of accounting. Pass through entity identifying numbers are presented where available. Expenditures consist of direct and indirect costs. Direct costs are those that can be easily identified with an individual federally sponsored project; whereas, indirect costs cannot be easily identified with an individual sponsored project. Indirect costs are the costs of services and resources that may benefit sponsored projects as well as non sponsored projects and activities.The Association and federal agencies use an indirect cost rate to charge indirect costs to individual sponsored projects. In 2022, the Association has elected to use the 10% de minimis indirect cost rate to recover indirect costs as allowed under the Uniform Guidance for the ASPR Hospital Preparedness Programs for 2021/2022 and 2022/2023. During the year ended December 31, 2022, the Association charged facilities and administrative costs of $233,069 based upon de minimis rates.
All federal financial assistance programs are subject to review and audit by the grantor agencies. Such audits could lead to requests for reimbursements to the grantor agencies for costs disallowed under the terms of the programs. It is the opinion of management that all costs charged against those federal programs are allowable under the regulation of these programs.
Title: Note 1 Basis of Presentation
Accounting Policies: Expenditures for federal award programs are reported on the accrual basis of accounting. Pass through entity identifying numbers are presented where available. Expenditures consist of direct and indirect costs. Direct costs are those that can be easily identified with an individual federally sponsored project; whereas, indirect costs cannot be easily identified with an individual sponsored project. Indirect costs are the costs of services and resources that may benefit sponsored projects as well as non sponsored projects and activities.The Association and federal agencies use an indirect cost rate to charge indirect costs to individual sponsored projects. In 2022, the Association has elected to use the 10% de minimis indirect cost rate to recover indirect costs as allowed under the Uniform Guidance for the ASPR Hospital Preparedness Programs for 2021/2022 and 2022/2023. During the year ended December 31, 2022, the Association charged facilities and administrative costs of $233,069 based upon de minimis rates.
De Minimis Rate Used: Y
Rate Explanation: Expenditures for federal award programs are reported on the accrual basis of accounting. Pass through entity identifying numbers are presented where available. Expenditures consist of direct and indirect costs. Direct costs are those that can be easily identified with an individual federally sponsored project; whereas, indirect costs cannot be easily identified with an individual sponsored project. Indirect costs are the costs of services and resources that may benefit sponsored projects as well as non sponsored projects and activities.The Association and federal agencies use an indirect cost rate to charge indirect costs to individual sponsored projects. In 2022, the Association has elected to use the 10% de minimis indirect cost rate to recover indirect costs as allowed under the Uniform Guidance for the ASPR Hospital Preparedness Programs for 2021/2022 and 2022/2023. During the year ended December 31, 2022, the Association charged facilities and administrative costs of $233,069 based upon de minimis rates.
The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the federal expenditures incurred by Illinois Health and Hospital Association and Subsidiaries (the Association) under awards received from the federal government for the year ended December 31, 2022.For purposes of the Schedule, federal awards include all grants, contracts, loans, and loan guarantee agreements entered into directly between the Association and agencies and departments of the federal government. For the year ended December 31, 2022, the Association had no expenditures in the form of noncash assistance, had no federally provided insurance in effect, or loans or loan guarantees outstanding at year end.