Notes to SEFA
Accounting Policies: (1)GeneralThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal activity of Miami Jewish Health Systems, Inc. and Subsidiaries and Affiliates (MJHS) under the programs of the federal government for the year ended June 30, 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 presents only a selected portion of the operations of MJHS, it is not intended to and does not represent the financial position, changes in net assets or cash flows of MJHS.(2)Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: MJHS has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.