Notes to SEFA
Accounting Policies: 1. Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal grant activity of Baylor Scott & White Holdings and Its Controlled Affiliates(collectively referred to as the System or BSWH) and are presented on the accrual basis ofaccounting. The information in this Schedule is presented in accordance with the requirementsof 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 this Schedule may differ from amounts presented in, or used in thepreparation of, the consolidated financial statements of BSWH. Negative amounts representadjustments made to amounts reported in the prior year in the normal course of business. BSWHuses its predetermined/negotiated indirect cost rate rather than the 10% de minimis indirect costrate described in the Uniform Guidance.2. Provider Relief FundThe Schedule includes grant activity related to the Department of Health and Human Services("HHS") Coronavirus Aid Relief and Economic Security (CARES) Act Assistance ListingNumber 93.498. As required based on guidance in the 2022 OMB Compliance Supplement, theSchedule includes periods 2 and 3 funds received between July 1, 2020 and June 30, 2021 andexpended by June 30, 2022 as reported to the Health Resources and Services Administration("HRSA") via the Provider Relief Fund Reporting Portal.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.