Notes to SEFA
Title: RECONCILATION OF SEFA AND FINANCIAL STATEMENTS
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The financial statements reflect revenue recognized from the Provider Relief Fund (PRF) of approximately $13,837,000 and $7,949,000 for the years ended June 30, 2022 and 2021, respectively. The SEFA includes PRF of approximately $19,202,000 that was received in Period 3 in accordance with the requirements of the compliance supplement for assistance listing number 93.498.
Title: Loan/loan guarantee outstanding balances
Accounting Policies: 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.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
MORTGAGE INSURANCE_HOSPITALS (14.128) - Balances outstanding at the end of the audit period were 40431741. SUPPLEMENTAL LOAN INSURANCE_MULTIFAMILY RENTAL HOUSING (14.151) - Balances outstanding at the end of the audit period were 34303940.