Title: FEDERAL GUARANTEED/INSURED LOAN
Accounting Policies: Basis of Presentation—The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Mennonite General Hospital, Inc. and subsidiaries (the “Hospital”) under programs of the federal government for the year ended March 31, 2023. 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 the Hospital, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Hospital.
The financial statements of the Hospital include various subsidiaries outlined in Note 1 to the financial statements. The financial statements of Servicios de Salud en el Hogar Menonita, Plan de Salud Menonita, Inc., Hospital Menonita Ponce, Inc., Caribe Rx, Inc., and the Elderly Homes as of and for the
year ended March 31, 2023 were audited in accordance with generally accepted auditing standards, but were not audited in accordance with Government Auditing Standards.
Basis of Accounting—The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. This is consistent with the basis of accounting used in the preparation of the consolidated financial statements. 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.
De Minimis Rate Used: Y
Rate Explanation: To the extent indirect costs are allowable, the Hospital elects to use the de minimis indirect cost rate allowed under the Uniform Guidance, as needed.
The Schedule presents the federal guaranteed/insured loan balance of the Hospital as of March 31, 2023. U.S. Department of Housing and Urban Development (HUD) insures lenders against loss on mortgages. The loans may be used to finance the construction, modernization, equipment, or refinancing of acute care hospitals. As of March 31, 2023, the balance outstanding was $94,697,107.
Title: PROVIDER RELIEF FUND
Accounting Policies: Basis of Presentation—The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Mennonite General Hospital, Inc. and subsidiaries (the “Hospital”) under programs of the federal government for the year ended March 31, 2023. 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 the Hospital, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Hospital.
The financial statements of the Hospital include various subsidiaries outlined in Note 1 to the financial statements. The financial statements of Servicios de Salud en el Hogar Menonita, Plan de Salud Menonita, Inc., Hospital Menonita Ponce, Inc., Caribe Rx, Inc., and the Elderly Homes as of and for the
year ended March 31, 2023 were audited in accordance with generally accepted auditing standards, but were not audited in accordance with Government Auditing Standards.
Basis of Accounting—The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. This is consistent with the basis of accounting used in the preparation of the consolidated financial statements. 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.
De Minimis Rate Used: Y
Rate Explanation: To the extent indirect costs are allowable, the Hospital elects to use the de minimis indirect cost rate allowed under the Uniform Guidance, as needed.
For the awards from the Department of Health and Human Services (HHS) related to the Provider Relief Fund (PRF) program, HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirements of the Health Resources and Services Administration (HRSA) PRF Reporting Portal. Payments from HHS for PRF are assigned to ‘Payment Received Periods’ (each, a Period) based upon the date each payment from the PRF was received. Each Period has a specified Period of Availability and timing of reporting requirements. Entities report into the HRSA PRF Reporting Portal after each Period’s deadline to use the funds (i.e., after the end of the Period of Availability).
The Schedule includes $5,740,113 received from HHS between January 1, 2021, through December 31, 2021. In accordance with guidance from HHS, this amount was submitted to the HRSA PRF Reporting Portal as follows, $1,159,197 for Period 3 and $4,580,916 for Period 4. Due to the PRF Reporting requirements, this amount is not the total PRF received and/or recognized as other operating revenue in the accompanying financial statements for the year ended March 31, 2023. The Hospital recognized $0 and $5,282,380 as other operating revenue in the consolidated financial statements for the years ended March 31, 2023, and 2022, respectively.
The Schedule includes the PRF of the following entities:
See the Notes to the SEFA for chart/table