Title: Loan/loan guarantee outstanding balances
Accounting Policies: For purposes of the Schedule, expenditures for federal award programs are recognized on an accrual basis of accounting. The Applied Physics Laboratory (APL) federal award expenditures relate primarily to costs incurred and fees earned under cost plus fixed fee type contracts with agencies of the DOD. Costs incurred and fees earned under these contracts are determined in accordance with the terms of the contracts and the contract cost principles and procedures set forth in the Federal Acquisition Regulation (FAR) and, where applicable, agency acquisition regulations that implement or supplement the FAR. Under terms of the contracts and provisions of the FAR, certain expenditures are not allowable or are limited as to reimbursement. Expenditures include indirect costs, relating primarily to general and administrative activities and technical supervision and services at the APL, which are allocated to the direct cost objectives (including federal awards) which benefit from the activities using bases and methods considered appropriate for the various types of costs involved. Indirect costs are allocated to federal awards and billed to sponsoring agencies during each cost accounting period based on agreed upon provisional rates; variances between actual costs incurred and costs allocated and billed using the provisional rates are adjusted periodically. For purposes of the Schedule, the variance for the year ended June 30, 2022 was allocated to individual awards based on their proportionate federal award expenditures for the period. Fees earned on cost plus fixed fee type contracts are recognized as related expenditures are incurred and included as contract costs in the Schedule. For contract administration purposes, the yearend date for the APLs principal contracts with agencies of the DOD is September 30. The information in the Schedule with respect to these contracts is presented to comply with the Uniform Guidance requirements and is not intended to provide the sole basis for administrative closeout of the contracts. Expenditures for federal student financial aid programs are recognized as incurred and include Pell grants to students, the federal share of students FSEOG grants and FWS program earnings, loan disbursements, certain other federal financial assistance grants for students, and administrative cost allowances, where applicable. Expenditures for other federal awards of the Universitys academic and other divisions, including Jhpiego Corporation are determined using the cost accounting principles and administrative procedures set forth in 2 Code of Federal Regulation (CFR) Part 220, Cost Principles for Educational Institutions (OMB Circular A-21) and 2 CFR Part 215, Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit Organizations (OMB Circular A-110). Under the cost principles, certain expenditures are not allowable or are limited as to reimbursement. Expenditures for nonfinancial aid awards include facilities and administrative (F&A) costs, relating primarily to facilities operation and maintenance and general, divisional, and departmental administration services, which are allocated to direct costs (including federal awards) based on negotiated percentages of direct expenditures, with certain exclusions. F&A costs allocated to such awards for the year ended June 30, 2022 were based on predetermined rates established with DHHS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
FEDERAL PERKINS LOAN (84.038) - Balances outstanding at the end of the audit period were 6372612. NURSE FACULTY LOAN PROGRAM (93.264) - Balances outstanding at the end of the audit period were 4641947. NURSING STUDENT LOANS (93.364) - Balances outstanding at the end of the audit period were 0. NLS was closed out in June,2022. There are no remaining obligations or balances due to HRSA. The University is responsible only for the performance of certain administrative duties with respect to the federal direct loan programs, and accordingly, these loans are not included in its consolidated financial statements and it is not practical to determine the balance of loans outstanding to students and former students of the University under these programs as of June 30, 2022. Direct loans issued during the year ended June 30, 2022 are included on the Schedule.
Title: (1) Basis of Presentation
Accounting Policies: For purposes of the Schedule, expenditures for federal award programs are recognized on an accrual basis of accounting. The Applied Physics Laboratory (APL) federal award expenditures relate primarily to costs incurred and fees earned under cost plus fixed fee type contracts with agencies of the DOD. Costs incurred and fees earned under these contracts are determined in accordance with the terms of the contracts and the contract cost principles and procedures set forth in the Federal Acquisition Regulation (FAR) and, where applicable, agency acquisition regulations that implement or supplement the FAR. Under terms of the contracts and provisions of the FAR, certain expenditures are not allowable or are limited as to reimbursement. Expenditures include indirect costs, relating primarily to general and administrative activities and technical supervision and services at the APL, which are allocated to the direct cost objectives (including federal awards) which benefit from the activities using bases and methods considered appropriate for the various types of costs involved. Indirect costs are allocated to federal awards and billed to sponsoring agencies during each cost accounting period based on agreed upon provisional rates; variances between actual costs incurred and costs allocated and billed using the provisional rates are adjusted periodically. For purposes of the Schedule, the variance for the year ended June 30, 2022 was allocated to individual awards based on their proportionate federal award expenditures for the period. Fees earned on cost plus fixed fee type contracts are recognized as related expenditures are incurred and included as contract costs in the Schedule. For contract administration purposes, the yearend date for the APLs principal contracts with agencies of the DOD is September 30. The information in the Schedule with respect to these contracts is presented to comply with the Uniform Guidance requirements and is not intended to provide the sole basis for administrative closeout of the contracts. Expenditures for federal student financial aid programs are recognized as incurred and include Pell grants to students, the federal share of students FSEOG grants and FWS program earnings, loan disbursements, certain other federal financial assistance grants for students, and administrative cost allowances, where applicable. Expenditures for other federal awards of the Universitys academic and other divisions, including Jhpiego Corporation are determined using the cost accounting principles and administrative procedures set forth in 2 Code of Federal Regulation (CFR) Part 220, Cost Principles for Educational Institutions (OMB Circular A-21) and 2 CFR Part 215, Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit Organizations (OMB Circular A-110). Under the cost principles, certain expenditures are not allowable or are limited as to reimbursement. Expenditures for nonfinancial aid awards include facilities and administrative (F&A) costs, relating primarily to facilities operation and maintenance and general, divisional, and departmental administration services, which are allocated to direct costs (including federal awards) based on negotiated percentages of direct expenditures, with certain exclusions. F&A costs allocated to such awards for the year ended June 30, 2022 were based on predetermined rates established with DHHS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) summarizes the expenditures of The Johns Hopkins University (the University) under programs of the federal government for the year ended June 30, 2022. The Schedule was prepared 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).For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between the University and agencies and departments of the federal government and all subawards made to the University by nonfederal organizations pursuant to federal grants, contracts, and similar agreements. For schedule presentation purposes, awards are grouped into the following categories:Research and Development Includes awards for research and development work at the Universitys Applied Physics Laboratory (APL), provided primarily under cost plus fixed fee type contracts with agencies of the Department of Defense (DOD), and for work at the Universitys academic divisions, primarily under grants with agencies and divisions of the Department of Health and Human Services (DHHS). Information about specific subagencies within these federal government agencies and departments is provided in notes 4 and 5 to the Schedule.Student financial aid Includes awards to provide financial assistance to students under Federal Work Study (FWS), Federal Pell Grants (Pell), Federal Supplemental Educational Opportunity Grants (FSEOG), loan disbursements under the Federal Perkins, and Federal Direct Student Loan Programs of the Department of Education as well as Nurse Facility Loan, and Nursing Student Loans Programs of the Department of Health and Human Services.Cooperative agreements Includes awards for international assistance projects sponsored by the Agency for International Development (AID) to Jhpiego Corporation, a separate corporate entity controlled by the University, and certain departments of the Universitys Bloomberg School of Public Health (with respect to population information, population communication services, and various other projects). Specific grant information is included in note 6 to the Schedule.Training and other Includes awards to support research training for graduate and other students, primarily under programs of the National Institutes of Health, and other student related assistance programs that are not considered part of the research and development cluster under Uniform Guidance. The University receives pass-through awards from approximately 400 different institutions and not for profit organizations. Information about significant pass-through organizations is presented on the schedule of expenditures of federal awards. The University makes payments to approximately 700 subrecipient organizations. Information about significant subrecipients is presented on the schedule of expenditures of federal awards. The Schedule does not include federal awards expenditures, if any, of The Johns Hopkins Health System Corporation (JHHS) or any of its member institutions. JHHS and its member institutions are incorporated and governed separately from the University, and their accounts are not included in the Universitys financial statements.
Title: (3) Summary of Facilities and Administrative Costs
Accounting Policies: For purposes of the Schedule, expenditures for federal award programs are recognized on an accrual basis of accounting. The Applied Physics Laboratory (APL) federal award expenditures relate primarily to costs incurred and fees earned under cost plus fixed fee type contracts with agencies of the DOD. Costs incurred and fees earned under these contracts are determined in accordance with the terms of the contracts and the contract cost principles and procedures set forth in the Federal Acquisition Regulation (FAR) and, where applicable, agency acquisition regulations that implement or supplement the FAR. Under terms of the contracts and provisions of the FAR, certain expenditures are not allowable or are limited as to reimbursement. Expenditures include indirect costs, relating primarily to general and administrative activities and technical supervision and services at the APL, which are allocated to the direct cost objectives (including federal awards) which benefit from the activities using bases and methods considered appropriate for the various types of costs involved. Indirect costs are allocated to federal awards and billed to sponsoring agencies during each cost accounting period based on agreed upon provisional rates; variances between actual costs incurred and costs allocated and billed using the provisional rates are adjusted periodically. For purposes of the Schedule, the variance for the year ended June 30, 2022 was allocated to individual awards based on their proportionate federal award expenditures for the period. Fees earned on cost plus fixed fee type contracts are recognized as related expenditures are incurred and included as contract costs in the Schedule. For contract administration purposes, the yearend date for the APLs principal contracts with agencies of the DOD is September 30. The information in the Schedule with respect to these contracts is presented to comply with the Uniform Guidance requirements and is not intended to provide the sole basis for administrative closeout of the contracts. Expenditures for federal student financial aid programs are recognized as incurred and include Pell grants to students, the federal share of students FSEOG grants and FWS program earnings, loan disbursements, certain other federal financial assistance grants for students, and administrative cost allowances, where applicable. Expenditures for other federal awards of the Universitys academic and other divisions, including Jhpiego Corporation are determined using the cost accounting principles and administrative procedures set forth in 2 Code of Federal Regulation (CFR) Part 220, Cost Principles for Educational Institutions (OMB Circular A-21) and 2 CFR Part 215, Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit Organizations (OMB Circular A-110). Under the cost principles, certain expenditures are not allowable or are limited as to reimbursement. Expenditures for nonfinancial aid awards include facilities and administrative (F&A) costs, relating primarily to facilities operation and maintenance and general, divisional, and departmental administration services, which are allocated to direct costs (including federal awards) based on negotiated percentages of direct expenditures, with certain exclusions. F&A costs allocated to such awards for the year ended June 30, 2022 were based on predetermined rates established with DHHS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
F&A cost recoveries for the Universitys academic and other divisions, including Jhpiego Corporation (excluding APL) for the year ended June 30, 2022 (see notes to SEFA for footnote 3)
Title: (4) Expenditures under Awards from the Department of Defense
Accounting Policies: For purposes of the Schedule, expenditures for federal award programs are recognized on an accrual basis of accounting. The Applied Physics Laboratory (APL) federal award expenditures relate primarily to costs incurred and fees earned under cost plus fixed fee type contracts with agencies of the DOD. Costs incurred and fees earned under these contracts are determined in accordance with the terms of the contracts and the contract cost principles and procedures set forth in the Federal Acquisition Regulation (FAR) and, where applicable, agency acquisition regulations that implement or supplement the FAR. Under terms of the contracts and provisions of the FAR, certain expenditures are not allowable or are limited as to reimbursement. Expenditures include indirect costs, relating primarily to general and administrative activities and technical supervision and services at the APL, which are allocated to the direct cost objectives (including federal awards) which benefit from the activities using bases and methods considered appropriate for the various types of costs involved. Indirect costs are allocated to federal awards and billed to sponsoring agencies during each cost accounting period based on agreed upon provisional rates; variances between actual costs incurred and costs allocated and billed using the provisional rates are adjusted periodically. For purposes of the Schedule, the variance for the year ended June 30, 2022 was allocated to individual awards based on their proportionate federal award expenditures for the period. Fees earned on cost plus fixed fee type contracts are recognized as related expenditures are incurred and included as contract costs in the Schedule. For contract administration purposes, the yearend date for the APLs principal contracts with agencies of the DOD is September 30. The information in the Schedule with respect to these contracts is presented to comply with the Uniform Guidance requirements and is not intended to provide the sole basis for administrative closeout of the contracts. Expenditures for federal student financial aid programs are recognized as incurred and include Pell grants to students, the federal share of students FSEOG grants and FWS program earnings, loan disbursements, certain other federal financial assistance grants for students, and administrative cost allowances, where applicable. Expenditures for other federal awards of the Universitys academic and other divisions, including Jhpiego Corporation are determined using the cost accounting principles and administrative procedures set forth in 2 Code of Federal Regulation (CFR) Part 220, Cost Principles for Educational Institutions (OMB Circular A-21) and 2 CFR Part 215, Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit Organizations (OMB Circular A-110). Under the cost principles, certain expenditures are not allowable or are limited as to reimbursement. Expenditures for nonfinancial aid awards include facilities and administrative (F&A) costs, relating primarily to facilities operation and maintenance and general, divisional, and departmental administration services, which are allocated to direct costs (including federal awards) based on negotiated percentages of direct expenditures, with certain exclusions. F&A costs allocated to such awards for the year ended June 30, 2022 were based on predetermined rates established with DHHS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal award expenditures for research and development and training and other programs under agreements with agencies of the DOD for the year ended June 30, 2022 (See Notes to the SEFA for footnote 4)
Title: (5) Expenditures under Awards from the Department of Health & Human Service
Accounting Policies: For purposes of the Schedule, expenditures for federal award programs are recognized on an accrual basis of accounting. The Applied Physics Laboratory (APL) federal award expenditures relate primarily to costs incurred and fees earned under cost plus fixed fee type contracts with agencies of the DOD. Costs incurred and fees earned under these contracts are determined in accordance with the terms of the contracts and the contract cost principles and procedures set forth in the Federal Acquisition Regulation (FAR) and, where applicable, agency acquisition regulations that implement or supplement the FAR. Under terms of the contracts and provisions of the FAR, certain expenditures are not allowable or are limited as to reimbursement. Expenditures include indirect costs, relating primarily to general and administrative activities and technical supervision and services at the APL, which are allocated to the direct cost objectives (including federal awards) which benefit from the activities using bases and methods considered appropriate for the various types of costs involved. Indirect costs are allocated to federal awards and billed to sponsoring agencies during each cost accounting period based on agreed upon provisional rates; variances between actual costs incurred and costs allocated and billed using the provisional rates are adjusted periodically. For purposes of the Schedule, the variance for the year ended June 30, 2022 was allocated to individual awards based on their proportionate federal award expenditures for the period. Fees earned on cost plus fixed fee type contracts are recognized as related expenditures are incurred and included as contract costs in the Schedule. For contract administration purposes, the yearend date for the APLs principal contracts with agencies of the DOD is September 30. The information in the Schedule with respect to these contracts is presented to comply with the Uniform Guidance requirements and is not intended to provide the sole basis for administrative closeout of the contracts. Expenditures for federal student financial aid programs are recognized as incurred and include Pell grants to students, the federal share of students FSEOG grants and FWS program earnings, loan disbursements, certain other federal financial assistance grants for students, and administrative cost allowances, where applicable. Expenditures for other federal awards of the Universitys academic and other divisions, including Jhpiego Corporation are determined using the cost accounting principles and administrative procedures set forth in 2 Code of Federal Regulation (CFR) Part 220, Cost Principles for Educational Institutions (OMB Circular A-21) and 2 CFR Part 215, Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit Organizations (OMB Circular A-110). Under the cost principles, certain expenditures are not allowable or are limited as to reimbursement. Expenditures for nonfinancial aid awards include facilities and administrative (F&A) costs, relating primarily to facilities operation and maintenance and general, divisional, and departmental administration services, which are allocated to direct costs (including federal awards) based on negotiated percentages of direct expenditures, with certain exclusions. F&A costs allocated to such awards for the year ended June 30, 2022 were based on predetermined rates established with DHHS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal awards from DHHS for research and development and training and other agreements include awards from various centers, divisions, and institutes of DHHS. Federal award expenditures by funding source within DHHS for the year ended June 30, 2022 (See Notes to SEFA for footnote 5)
Title: (6) Expenditures under Awards from the USAID
Accounting Policies: For purposes of the Schedule, expenditures for federal award programs are recognized on an accrual basis of accounting. The Applied Physics Laboratory (APL) federal award expenditures relate primarily to costs incurred and fees earned under cost plus fixed fee type contracts with agencies of the DOD. Costs incurred and fees earned under these contracts are determined in accordance with the terms of the contracts and the contract cost principles and procedures set forth in the Federal Acquisition Regulation (FAR) and, where applicable, agency acquisition regulations that implement or supplement the FAR. Under terms of the contracts and provisions of the FAR, certain expenditures are not allowable or are limited as to reimbursement. Expenditures include indirect costs, relating primarily to general and administrative activities and technical supervision and services at the APL, which are allocated to the direct cost objectives (including federal awards) which benefit from the activities using bases and methods considered appropriate for the various types of costs involved. Indirect costs are allocated to federal awards and billed to sponsoring agencies during each cost accounting period based on agreed upon provisional rates; variances between actual costs incurred and costs allocated and billed using the provisional rates are adjusted periodically. For purposes of the Schedule, the variance for the year ended June 30, 2022 was allocated to individual awards based on their proportionate federal award expenditures for the period. Fees earned on cost plus fixed fee type contracts are recognized as related expenditures are incurred and included as contract costs in the Schedule. For contract administration purposes, the yearend date for the APLs principal contracts with agencies of the DOD is September 30. The information in the Schedule with respect to these contracts is presented to comply with the Uniform Guidance requirements and is not intended to provide the sole basis for administrative closeout of the contracts. Expenditures for federal student financial aid programs are recognized as incurred and include Pell grants to students, the federal share of students FSEOG grants and FWS program earnings, loan disbursements, certain other federal financial assistance grants for students, and administrative cost allowances, where applicable. Expenditures for other federal awards of the Universitys academic and other divisions, including Jhpiego Corporation are determined using the cost accounting principles and administrative procedures set forth in 2 Code of Federal Regulation (CFR) Part 220, Cost Principles for Educational Institutions (OMB Circular A-21) and 2 CFR Part 215, Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit Organizations (OMB Circular A-110). Under the cost principles, certain expenditures are not allowable or are limited as to reimbursement. Expenditures for nonfinancial aid awards include facilities and administrative (F&A) costs, relating primarily to facilities operation and maintenance and general, divisional, and departmental administration services, which are allocated to direct costs (including federal awards) based on negotiated percentages of direct expenditures, with certain exclusions. F&A costs allocated to such awards for the year ended June 30, 2022 were based on predetermined rates established with DHHS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal award expenditures under agreements USAIOD agreements by funding award for year ending June 30,2022) (See Notes to the SEFA for footnote 6)
Title: (7) Expenditures under Awards from Other Federal Agencies
Accounting Policies: For purposes of the Schedule, expenditures for federal award programs are recognized on an accrual basis of accounting. The Applied Physics Laboratory (APL) federal award expenditures relate primarily to costs incurred and fees earned under cost plus fixed fee type contracts with agencies of the DOD. Costs incurred and fees earned under these contracts are determined in accordance with the terms of the contracts and the contract cost principles and procedures set forth in the Federal Acquisition Regulation (FAR) and, where applicable, agency acquisition regulations that implement or supplement the FAR. Under terms of the contracts and provisions of the FAR, certain expenditures are not allowable or are limited as to reimbursement. Expenditures include indirect costs, relating primarily to general and administrative activities and technical supervision and services at the APL, which are allocated to the direct cost objectives (including federal awards) which benefit from the activities using bases and methods considered appropriate for the various types of costs involved. Indirect costs are allocated to federal awards and billed to sponsoring agencies during each cost accounting period based on agreed upon provisional rates; variances between actual costs incurred and costs allocated and billed using the provisional rates are adjusted periodically. For purposes of the Schedule, the variance for the year ended June 30, 2022 was allocated to individual awards based on their proportionate federal award expenditures for the period. Fees earned on cost plus fixed fee type contracts are recognized as related expenditures are incurred and included as contract costs in the Schedule. For contract administration purposes, the yearend date for the APLs principal contracts with agencies of the DOD is September 30. The information in the Schedule with respect to these contracts is presented to comply with the Uniform Guidance requirements and is not intended to provide the sole basis for administrative closeout of the contracts. Expenditures for federal student financial aid programs are recognized as incurred and include Pell grants to students, the federal share of students FSEOG grants and FWS program earnings, loan disbursements, certain other federal financial assistance grants for students, and administrative cost allowances, where applicable. Expenditures for other federal awards of the Universitys academic and other divisions, including Jhpiego Corporation are determined using the cost accounting principles and administrative procedures set forth in 2 Code of Federal Regulation (CFR) Part 220, Cost Principles for Educational Institutions (OMB Circular A-21) and 2 CFR Part 215, Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals, and Other Nonprofit Organizations (OMB Circular A-110). Under the cost principles, certain expenditures are not allowable or are limited as to reimbursement. Expenditures for nonfinancial aid awards include facilities and administrative (F&A) costs, relating primarily to facilities operation and maintenance and general, divisional, and departmental administration services, which are allocated to direct costs (including federal awards) based on negotiated percentages of direct expenditures, with certain exclusions. F&A costs allocated to such awards for the year ended June 30, 2022 were based on predetermined rates established with DHHS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal award expenditures under agreements with other federal agencies by funding source for the year ended June 30, 2022. (See Notes to SEFA for footnote 7)