Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Southwest Mississippi Regional Medical Center (the “Medical Center”) under programs of the federal government for the year ended September 30, 2025. The information in the 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 the Medical Center, it is not intended to and does not present the net position, changes in net position, or cash flows of the Medical Center.
The balance of loans outstanding at September 30, 2025 for the Community Facilities Loans and Grants Cluster (Federal Assistance Listing Number 10.766) was $15,441,814. The outstanding balance of loans at the beginning of the year is included in the federal expenditures presented in the Schedule.
The Medical Center has no federally funded insurance.
The Medical Center received no noncash assistance.
Federal grants, as presented on the SEFA, are included in the following financial statement line items on the statement of revenue, expenses, and changes in net position: