Title: NOTE 2 - FEDERAL DIRECT STUDENT LOANS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of Bryan Health and Subsidiaries (the System) under programs of the federal government for the year ended December 31, 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 the System, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the System.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The System has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Since these loans are made directly by the federal government to students, new loans made during the year ended December 31, 2022, relating to this program are considered current year federal expenditures, whereas the outstanding loan balances are not. The new loans made in the year ended December 31, 2022, are reported in the Schedule of Expenditures of Federal Awards but are not reflected in the consolidated financial statements of the System.The amounts presented represents the value of new loans awarded during the year ended December 31,2022, and is as follows:Federal Direct Student Loan Programs Stafford: Subsidized $1,164,212, Unsubsidized $2,941,546, PLUS $665,986, Alternative Loans $1,301,114, Total $6,072,858
Title: NOTE 3 Disaster Grants, Public Assistance (Presidentially Declared Disaste
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of Bryan Health and Subsidiaries (the System) under programs of the federal government for the year ended December 31, 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 the System, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the System.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The System has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The Federal Emergency Management Agency (FEMA) requires that FEMA has approved a project worksheet and that there were eligible expenditures incurred for the approved project prior to reporting this program on the Schedule. In accordance with FEMAs guidance, $13,439,975 of expenditures reported on the current years Schedule were incurred in fiscal years 2020 and 2021.