Notes to SEFA
The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Elizabeth Seton Pediatric Center d/b/a Elizabeth Seton Children’s Center (the “Children’s Center”) under programs of the federal government for the year ended December 31, 2024. 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 Children’s Center, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Children’s Center.
The Children’s Center has mortgage payable balances outstanding at December 31, 2024. The mortgage balances outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. The balance of the mortgages outstanding at December 31, 2024 is $85,916,564.