Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Rosebud Community Hospital, Inc. (the Hospital). The information in the Schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “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 position, or cash flows of the Hospital.
The Hospital has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Hospital does not have any subrecipients of federal awards
The Hospital had outstanding loans with USDA as of June 30, 2025, with a balance of $1,461,827. The loan balance at the beginning of the year was included in the federal expenditures presented on the Schedule.