Audit 49709

Accounting Policies: 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Baptist Health System, Inc. and Subsidiaries (the System) under programs of the federal government for the year ended September 30, 2022. 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 System, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the System.2. Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.3. Indirect Cost RateSystem has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance for the year ended September 30, 2022. 4.COVID-19 Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (Assistance Listing No. 93.498)The Schedule includes $52,822,414 received from the Department of Health and Human Services (HHS) between December 16, 2020 and December 17, 2020, under the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) program of Assistance Listing No. 93.498. These amounts are reported as Period 2 in the HHS PRF Reporting Portal; there were no payments received during Period 3. These amounts were recognized as other revenue in the Systems consolidated financial statements in the accompanying consolidated statement of operations and changes in net assets for the year ended September 30, 2022. 4.COVID-19 Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (Assistance Listing No. 93.498)The Schedule includes $52,822,414 received from the Department of Health and Human Services (HHS) between December 16, 2020 and December 17, 2020, under the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) program of Assistance Listing No. 93.498. These amounts are reported as Period 2 in the HHS PRF Reporting Portal; there were no payments received during Period 3. These amounts were recognized as other revenue in the Systems consolidated financial statements in the accompanying consolidated statement of operations and changes in net assets for the year ended September 30, 2022. The amount presented on the Schedule for PRF is for the year ended September 30, 2022. The amount presented reconciles to the PRF information reported to HHS as follows:Name of Reporting Entity for HHS Reporting Period 2 Provider Relief Fund Report: Southern Baptist Hospital of Florida, Inc. Reporting Entity Tax Identification Number (TIN): 59-0747311 Type of Distribution: General Total Lost Revenues Reported: $43,362,730 Name of Reporting Entity for HHS Reporting Period 2 Provider Relief Fund Report: Southern Baptist Hospital of Florida, Inc. Reporting Entity Tax Identification Number (TIN): 59-0747311 Type of Distribution: General Total Lost Revenues Reported: $3,200,482 Name of Reporting Entity for HHS Reporting Period 2 Provider Relief Fund Rep ort: Baptist Medical Center of the Beaches, Inc. Reporting Entity Tax Identification Number (TIN): 59-2980620 Type of Distribution: General Total Lost Revenues Reported: $6,157,764Name of Reporting Entity for HHS Reporting Period 2 Provider Relief Fund Rep ort: Baptist Medical Center of the Beaches, Inc. Reporting Entity Tax Identification Number (TIN): 59-2980620 Type of Distribution: General Total Lost Revenues Reported: $101,438 Total Lost Revenues Reported $52,822,414 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.