Notes to SEFA
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.
Community Facilities Loans and Grants Cluster – 10.766 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. $143,439 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. $166,894 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. $462,807 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 . $427,544 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. $304,545 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. $330,932 Total due under assistance listing 10.766 $1,836,161