Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Baptist Hospitals of Southeast Texas and Subsidiaries and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the applicable 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 of expenditures of federal awards presents only a selected portion of the operations of Baptist Hospitals of Southeast Texas and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Baptist Hospitals of Southeast Texas and Subsidiaries. The amount in the accompanying schedule represents the highest loan balance during the year under audit. The outstanding loan balance at June 30, 2025, consists of:
No funds were identified as having been provided to subrecipients by Baptist Hospitals of Southeast Texas and Subsidiaries and accordingly, no funds identified in the Schedule of Expenditures of Federal Awards are attributable to subrecipient entities. There were no federal awards expended for noncash assistance or insurance. Baptist Hospitals of Southeast Texas and Subsidiaries has elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance.