Title: 2. Major Program
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant
activity of CMU Medical Education Partners under programs of the federal government for the
fiscal year ended June 30, 2024. Expenditures reported on the SEFA are reported on the same
basis of accounting as the financial statements, although the basis for determining when federal
awards are expended is presented in accordance with the requirements of Uniform Guidance. In
addition, expenditures reported on the SEFA are recognized following the cost principles
contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. Therefore, some amounts presented in the SEFA may differ from
amounts presented in, or used in the preparation of, the financial statements.
Because the SEFA presents only a selected portion of the operations of CMU Medical Education
Partners, it is not intended to, and does not, present the financial position, changes in net
position, or cash flows, if applicable, of CMU Medical Education Partners .
CMU Medical Education Partners reporting entity is defined in Note 1 to CMU Medical
Education Partners’ financial statements. All federal financial assistance received directly from
federal agencies as well as federal financial assistance passed through other government
agencies is included on the SEFA. CMU Medical Education Partners does not have any
subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The major program was ALN Number 93.530, Teaching Health Center Graduate Medical Education payment (THCGME).
Title: 3. Indirect Cost Rule
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant
activity of CMU Medical Education Partners under programs of the federal government for the
fiscal year ended June 30, 2024. Expenditures reported on the SEFA are reported on the same
basis of accounting as the financial statements, although the basis for determining when federal
awards are expended is presented in accordance with the requirements of Uniform Guidance. In
addition, expenditures reported on the SEFA are recognized following the cost principles
contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. Therefore, some amounts presented in the SEFA may differ from
amounts presented in, or used in the preparation of, the financial statements.
Because the SEFA presents only a selected portion of the operations of CMU Medical Education
Partners, it is not intended to, and does not, present the financial position, changes in net
position, or cash flows, if applicable, of CMU Medical Education Partners .
CMU Medical Education Partners reporting entity is defined in Note 1 to CMU Medical
Education Partners’ financial statements. All federal financial assistance received directly from
federal agencies as well as federal financial assistance passed through other government
agencies is included on the SEFA. CMU Medical Education Partners does not have any
subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
CMU Medical Education Partners did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidence.
Title: 4. Reconciliation of SEFA to Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant
activity of CMU Medical Education Partners under programs of the federal government for the
fiscal year ended June 30, 2024. Expenditures reported on the SEFA are reported on the same
basis of accounting as the financial statements, although the basis for determining when federal
awards are expended is presented in accordance with the requirements of Uniform Guidance. In
addition, expenditures reported on the SEFA are recognized following the cost principles
contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. Therefore, some amounts presented in the SEFA may differ from
amounts presented in, or used in the preparation of, the financial statements.
Because the SEFA presents only a selected portion of the operations of CMU Medical Education
Partners, it is not intended to, and does not, present the financial position, changes in net
position, or cash flows, if applicable, of CMU Medical Education Partners .
CMU Medical Education Partners reporting entity is defined in Note 1 to CMU Medical
Education Partners’ financial statements. All federal financial assistance received directly from
federal agencies as well as federal financial assistance passed through other government
agencies is included on the SEFA. CMU Medical Education Partners does not have any
subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following schedule reconciles grant revenue reported in the June 30, 2024 financial statements to the federal award expenditures reported in the Schedule of Expenditures of Federal and State Awards. See the Notes to the SEFA for chart/table.