Notes to SEFA
Title: OUTSTANDING LOANS WITH CONTINUING COMPLIANCE REQUIREMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule’) includes the federal grant activity of Cactus Health Services, Inc. under programs of the federal government for the year ended September 30, 2024, for Cactus Health Services, Inc. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Cactus Health Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Cactus Health Services, Inc.
De Minimis Rate Used: N
Rate Explanation: The Organization has not negotiated an indirect rate with its federal cognizant agency and has not elected to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2 CFR §200.414.
The Organization had the following loan balance outstanding at September 30, 2024: Federal AL No. Amount Outstanding Program Title 10.766 $1,054,356 USDA Community Facilities Direct Loan Programs