Rush Financial Statements

Rush University Medical Center will continue to follow the procurement requirement of the Office of Management and Budget in OMB Circular A-110 and will utilize the grace period allowed in the Uniform Guidance.

The Office of Management and Budget (OMB) Uniform Guidance Subpart F requires an annual external audit of non-profits receiving federal funds. A sample of federal awards and their direct cost transactions are selected for testing (auditing) to determine that expenditures and procedures were appropriate, allowable, and allocable to the award. Specifically, that they were:

  • In accordance with sponsor terms and conditions

  • In accordance with OMB Uniform Administrative Requirements (Subpart D)

  • In accordance with the OMB Uniform Cost Principles (Subpart E)

Each of the following reports includes Rush consolidated financial statements, the Uniform Guidance for Federal Awards (formerly OMB Circular A-133) supplementary report and the independent auditors’ reports for that fiscal year: