Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of Bryan Health and Subsidiaries (the “System”) (other than Bryan Foundation and Grand Island Regional Medical Center and Affiliates) under programs of the federal government for the year ended December 31, 2023. The information in this Schedule 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the System, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the System.
Since these loans are made directly by the federal government to students, new loans made during the year ended December 31, 2023, relating to this program are considered current year federal expenditures, whereas the outstanding loan balances are not. The new loans made in the year ended December 31, 2023, are reported in the Schedule of Expenditures of Federal Awards but are not reflected in the consolidated financial statements of the System. The amounts presented represents the value of new loans awarded during the year ended December 31, 2023, and is as follows: Subsidized $1,128,754 Unsubsidized $2,999,699 PLUS $707,380 GRAD PLUS $1,410,313
The Federal Emergency Management Agency (FEMA) requires that FEMA has an approved project worksheet and that there were eligible expenditures incurred for the approved project prior to reporting this program on the Schedule. In accordance with FEMA’s guidance, $2,884,122 of expenditures reported on the current year’s Schedule were incurred in fiscal years 2022 and 2021.