Notes to SEFA
Included within the Schedule of Expenditures of Federal Awards, DFD Russell Medical Centers has several outstanding federal loans issued by the U.S. Department of Agriculture under its Community Facilities Loans and Grants Cluster program, Assistance Listing 10.766. We have considered these outstanding loan balances in determining programs to be tested under the Uniform Guidance.
Note payable to USDA Rural Development with monthly payments of $1,260, including interest at 5.125% until May 2038. Collateralized by land, building and fixtures, present and future contract rights, and accounts receivable. $135,491 Note payable to USDA Rural Development with monthly payments of $1,208, including interest at 5.00% until August 2042. Collateralized by assignment of gross revenues to equal loan payments. $160,661 Note payable to USDA Rural Development with monthly payments of $3,381, including interest at 5.00% until May 2042. Collateralized by land, building, and fixtures. $445,008 Note payable to USDA Rural Development with monthly payments of $2,654, including interest at 4.50% until February 2046. Collateralized by land, building, and fixtures. $414,720 Note payable to USDA Rural Development with monthly payments of $1,143, including interest at 2.375% until October 2056. Collateralized by land, building, and fixtures. $297,988 Note payable to USDA Rural Development with monthly payments of $1,444, including interest at 2.375% until April 2050. Collateralized by land, building, and fixtures. $322,676 Total due under assistance listing 10.766 $1,776,544