Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Greater Baden Medical Services, Inc. (the “Center”) under programs of the federal government for the year ended December 31, 2022. The information in the 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 presents only a selected portion of the operations of Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center
De Minimis Rate Used: N
Rate Explanation: na
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Greater Baden Medical Services, Inc. (the “Center”) under programs of the federal government for the year ended December 31, 2022. The information in the 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 presents only a selected portion of the operations of Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Greater Baden Medical Services, Inc. (the “Center”) under programs of the federal government for the year ended December 31, 2022. The information in the 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 presents only a selected portion of the operations of Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center
De Minimis Rate Used: N
Rate Explanation: na
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. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The amounts reported in the Schedule as expenditures may differ from certain financial reports submitted to federal funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting
Title: INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Greater Baden Medical Services, Inc. (the “Center”) under programs of the federal government for the year ended December 31, 2022. The information in the 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 presents only a selected portion of the operations of Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center
De Minimis Rate Used: N
Rate Explanation: na
The Center does not have a federally negotiated indirect cost rate and has not elected to use the 10% de minimis cost rate.
Title: RECEIVABLE FROM FEDERAL AGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Greater Baden Medical Services, Inc. (the “Center”) under programs of the federal government for the year ended December 31, 2022. The information in the 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 presents only a selected portion of the operations of Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center
De Minimis Rate Used: N
Rate Explanation: na
The Center submits requests for reimbursement to various federal agencies on a periodic basis. At December 31, 2022, the U.S. Department of Health and Human Services and the U.S. Department of Agriculture owed the Center $495,839 and $113,591, respectively.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Greater Baden Medical Services, Inc. (the “Center”) under programs of the federal government for the year ended December 31, 2022. The information in the 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 presents only a selected portion of the operations of Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center
De Minimis Rate Used: N
Rate Explanation: na
The Center did not provide federal awards to any subrecipients during the year ended December 31, 2022