Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The schedule includes the Federal awards activity of Valley-Wide Health Systems, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200,Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operation of the Health System, it is not intended to and does not present the financial position, results of operations,changes in net assets or cash flows of the Health System.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 6249954. The amount expended under the Community Facilities Loans and Grants program represents thevalue of outstanding balance of loans received during the year ended June 30, 2020, related to aUSDA Loan and Guaranteed Loan with Sunflower Bank of $6,371,197.
Title: Subrecipients
Accounting Policies: The schedule includes the Federal awards activity of Valley-Wide Health Systems, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200,Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operation of the Health System, it is not intended to and does not present the financial position, results of operations,changes in net assets or cash flows of the Health System.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Valley-Wide Health Systems, Inc. provided no federal awards to subrecipients.