Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of North Mississippi Health Services, Inc. (the System) and is presented on the accrual basis of accounting. The Schedule presents all grants, contracts, and similar agreements entered into directly between agencies and departments of the federal government and subawards to the System from nonfederal organizations pursuant to federal grants, contracts, and similar agreements. There were no federal expenditures passed through from the System to other nonfederal subrecipient organizations. 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
For the year ended September 30, 2025, the System did not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.