Notes to SEFA
Expenditures reported on the Schedule of Expenditure of Federal Awards (the “Schedule”) of Baptist Healthcare System, Inc. and Affiliates (“Baptist”) are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles, as applicable, contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
Baptist used the de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule includes the federal grant activity of Baptist under programs of the federal government for the year ended August 31, 2025. The information in this Schedule 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 Baptist it is not intended to and does not present the financial position, changes in net assets or cash flows of Baptist.
Baptist did not make any subrecipient disbursements during the year ended August 31, 2025.
Baptist did not receive any donated personal protective equipment from the federal government during the year ended August 31, 2025.
For the awards from the Department of Homeland Security (DHS) related to the Federal Emergency Management Agency (FEMA), DHS has indicated the amounts on the Schedule be reported on the Schedule when 1) FEMA has approved the project and 2) the eligible expenses have been incurred. As such, the Schedule includes $8,034,276 of eligible expenditures incurred in a prior period.