Title: FEDERAL LOANS OUTSTANDING
Accounting Policies: A. Reporting Entity - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of DFD Russell Medical Centers under programs of the federal government for the year ended March 31, 2024. The reporting entity is defined in the notes to the financial statements of DFD Russell Medical Centers. B. Basis of Presentation - 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). 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for DFD Russell Medical Centers are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in DFD Russell Medical Centers’ financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate - DFD Russell Medical Centers has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Included within the Schedule of Expenditures of Federal Awards, DFD Russell Medical Centers has several outstanding federal loans issued by the U.S. Department of Agriculture under its Community Facilities Loans and Grants Cluster program, Assistance Listing 10.766. We have considered these outstanding loan balances in determining programs to be tested under the Uniform Guidance.
Title: Community Facilities Loans and Grants Cluster – 10.766
Accounting Policies: A. Reporting Entity - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of DFD Russell Medical Centers under programs of the federal government for the year ended March 31, 2024. The reporting entity is defined in the notes to the financial statements of DFD Russell Medical Centers. B. Basis of Presentation - 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). 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for DFD Russell Medical Centers are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in DFD Russell Medical Centers’ financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate - DFD Russell Medical Centers has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note payable to USDA Rural Development with monthly payments of $1,260, including interest at 5.125% until May 2038. Collateral is land, building and fixtures, present and future contract rights and accounts receivable. $150,990
Title: Community Facilities Loans and Grants Cluster – 10.766
Accounting Policies: A. Reporting Entity - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of DFD Russell Medical Centers under programs of the federal government for the year ended March 31, 2024. The reporting entity is defined in the notes to the financial statements of DFD Russell Medical Centers. B. Basis of Presentation - 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). 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for DFD Russell Medical Centers are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in DFD Russell Medical Centers’ financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate - DFD Russell Medical Centers has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note payable to USDA Rural Development with monthly payments of $1,208, including interest at 5.00% until August 2042. Collateral is assignment of gross revenues to equal loan payments. $172,848
Title: Community Facilities Loans and Grants Cluster – 10.766
Accounting Policies: A. Reporting Entity - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of DFD Russell Medical Centers under programs of the federal government for the year ended March 31, 2024. The reporting entity is defined in the notes to the financial statements of DFD Russell Medical Centers. B. Basis of Presentation - 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). 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for DFD Russell Medical Centers are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in DFD Russell Medical Centers’ financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate - DFD Russell Medical Centers has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note payable to USDA Rural Development with monthly payments of $3,381, including interest at 5.00% until May 2042. Collateral is land, building and fixtures. $479,740
Title: Community Facilities Loans and Grants Cluster – 10.766
Accounting Policies: A. Reporting Entity - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of DFD Russell Medical Centers under programs of the federal government for the year ended March 31, 2024. The reporting entity is defined in the notes to the financial statements of DFD Russell Medical Centers. B. Basis of Presentation - 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). 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for DFD Russell Medical Centers are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in DFD Russell Medical Centers’ financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate - DFD Russell Medical Centers has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note payable to USDA Rural Development with monthly payments of $2,654, including interest at 4.50% until February 2046. Collateral is land, building and fixtures. $439,804
Title: Community Facilities Loans and Grants Cluster – 10.766
Accounting Policies: A. Reporting Entity - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of DFD Russell Medical Centers under programs of the federal government for the year ended March 31, 2024. The reporting entity is defined in the notes to the financial statements of DFD Russell Medical Centers. B. Basis of Presentation - 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). 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for DFD Russell Medical Centers are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in DFD Russell Medical Centers’ financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate - DFD Russell Medical Centers has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note payable to USDA Rural Development with monthly payments of $1,143, including interest at 2.375% until October 2056. Collateral is land, building and fixtures. $310,947
Title: Community Facilities Loans and Grants Cluster – 10.766
Accounting Policies: A. Reporting Entity - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of DFD Russell Medical Centers under programs of the federal government for the year ended March 31, 2024. The reporting entity is defined in the notes to the financial statements of DFD Russell Medical Centers. B. Basis of Presentation - 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). 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for DFD Russell Medical Centers are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in DFD Russell Medical Centers’ financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate - DFD Russell Medical Centers has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Note payable to USDA Rural Development with monthly payments of $1,444, including interest at 2.375% until April 2050. Collateral is land, building and fixtures. $338,968
Title: Community Facilities Loans and Grants Cluster – 10.766
Accounting Policies: A. Reporting Entity - The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of DFD Russell Medical Centers under programs of the federal government for the year ended March 31, 2024. The reporting entity is defined in the notes to the financial statements of DFD Russell Medical Centers. B. Basis of Presentation - 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). 1. Pursuant to the Uniform Guidance, federal awards are defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. 2. Major Programs - The Uniform Guidance establishes the level of expenditures or expenses to be used in defining major federal award programs. Major programs for DFD Russell Medical Centers are identified in the summary of auditor’s results in the schedule of findings and questioned costs. C. Basis of Accounting - The information presented in the schedule of expenditures of federal awards is presented on the accrual basis of accounting, which is consistent with the reporting in DFD Russell Medical Centers’ financial statements.
De Minimis Rate Used: N
Rate Explanation: D. Indirect Cost Rate - DFD Russell Medical Centers has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Total due under assistance listing 10.766 $ 1,893,297