Title: Hospital
Accounting Policies: With the exception of expenditures related to the Coronavirus State and Local Fiscal Recovery Funds (SLFRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. Expenditures reported on the Schedule for SLFRF are based on the SLFRF period of performance and terms and conditions of the SLFRF program. The Authority’s SLFRF grant agreement indicated the period of performance was March 1, 2021 through December 31, 2022 which ended during fiscal year 2023.
De Minimis Rate Used: N
Rate Explanation: N/A
Morgan County Hospital Authority (Authority) is a public body corporate and politic organized under the Hospital Authorities Law of the State of Georgia. The Authority was established by the Board of County Commissioners of Morgan County, Georgia (County) to operate, control, and manage all matters concerning the County's healthcare functions. The Authority is governed by a nine-member board of trustees appointed by the County and the County provides an annual contribution to the Authority. For these reasons, the Authority is considered to be a component unit of the County.
The Authority owns and operates Morgan Medical Center, a twenty-five (25) bed critical access hospital.
Title: Basis of Presentation
Accounting Policies: With the exception of expenditures related to the Coronavirus State and Local Fiscal Recovery Funds (SLFRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. Expenditures reported on the Schedule for SLFRF are based on the SLFRF period of performance and terms and conditions of the SLFRF program. The Authority’s SLFRF grant agreement indicated the period of performance was March 1, 2021 through December 31, 2022 which ended during fiscal year 2023.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of the Authority for the year ended June 30, 2023. 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 (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority.
Title: Subrecipients
Accounting Policies: With the exception of expenditures related to the Coronavirus State and Local Fiscal Recovery Funds (SLFRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. Expenditures reported on the Schedule for SLFRF are based on the SLFRF period of performance and terms and conditions of the SLFRF program. The Authority’s SLFRF grant agreement indicated the period of performance was March 1, 2021 through December 31, 2022 which ended during fiscal year 2023.
De Minimis Rate Used: N
Rate Explanation: N/A
The Authority passed no federal awards through to subrecipients
Title: Balance of Outstanding Loan
Accounting Policies: With the exception of expenditures related to the Coronavirus State and Local Fiscal Recovery Funds (SLFRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. Expenditures reported on the Schedule for SLFRF are based on the SLFRF period of performance and terms and conditions of the SLFRF program. The Authority’s SLFRF grant agreement indicated the period of performance was March 1, 2021 through December 31, 2022 which ended during fiscal year 2023.
De Minimis Rate Used: N
Rate Explanation: N/A
The Authority had an outstanding loan with USDA as of June 30, 2023, with a balance of $30,875,392. The loan balance outstanding at the beginning of the year was included in the federal expenditures presented in the Schedule. There were no new loans received during the year ended June 30, 2023.