Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of St. Anthony Regional Hospital and Nursing Home (Hospital) under programs of the federal government for the year ended June 30, 2025. The information 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 Hospital, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Hospital.
Expenditures reported on this Schedule consist of the beginning of the year outstanding loan balance of the Hospital’s USDA direct loans of $22,684,184. If applicable, advances made on the loans during the year are reported on the Schedule. The Hospital made no advances on the loans during the year ended June 30, 2025. The Hospital’s outstanding loan balances for the direct loans as of June 30, 2025 are $22,164,120.