Notes to SEFA
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of WindRose Health Network, Inc. (WindRose) under programs of the federal government for the year ended December 31, 2024. The information in the SEFA 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 (the Uniform Guidance). Because the SEFA presents only a selected portion of the operations of the WindRose, it is not intended to and does not present the financial position, changes in net assets, or cash flows of WindRose.
Expenditures reported on the SEFA 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. WindRose has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
WindRose did not pass through any federal awards to subrecipients during 2024.