Notes to SEFA
The Schedule includes federal assistance in the form of loans. The District issued USDA Hospital Revenue Bond Direct Loans for the construction of the hospital building. The amount listed for these loans include the beginning of the period loan balances plus proceeds used during the year. The related loan balances were $32,530,817, at December 31, 2025.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Grays Harbor County Public Hospital District No. 1 doing business as Summit Pacific Medical Center (the District) under programs of the federal government for the year ended December 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 Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the net position, changes in net position, or cash flows of the District.