Notes to SEFA
Title: DEBT
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) presents theactivity of federal award programs of St. Johns Health Care Corporation (the Home). The schedule includes expenditures of federal programs received directly from federal agencies.The accompanying schedule of expenditures of federal awards, as required by Title 2 U.SCode of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,and Audit Requirements for Federal Awards (Uniform Guidance), is prepared in accordance with accounting principles generally accepted in the United States of America. Because the schedule presents only a selected portion of the operations of entity, it is not intended to anddoes not present the financial position, changes in net deficit, or cash flow of the Home.
De Minimis Rate Used: N
Rate Explanation: Indirect costs may be included in the reported expenses, to the extent that they are included in the federal financial reports used as the source for the data presented. The Home has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Matching costs are not included in the reported expenses.
The Home has the following obligation outstanding at December 31, 2023, which is insured by the U.S. Department of Housing and Urban Development:
Project Number
Assistance Listing
Original Loan Balance
Outstanding Balance
014-43221 14.129 $ 12,778,600 $ 10,000,587
Title: COVID-19: DISASTER GRANTS – PUBLIC ASSISTANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) presents theactivity of federal award programs of St. Johns Health Care Corporation (the Home). The schedule includes expenditures of federal programs received directly from federal agencies.The accompanying schedule of expenditures of federal awards, as required by Title 2 U.SCode of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles,and Audit Requirements for Federal Awards (Uniform Guidance), is prepared in accordance with accounting principles generally accepted in the United States of America. Because the schedule presents only a selected portion of the operations of entity, it is not intended to anddoes not present the financial position, changes in net deficit, or cash flow of the Home.
De Minimis Rate Used: N
Rate Explanation: Indirect costs may be included in the reported expenses, to the extent that they are included in the federal financial reports used as the source for the data presented. The Home has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. Matching costs are not included in the reported expenses.
The amount included in the schedule of expenditures of federal awards is based upon the FEMA project worksheets.