Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of MTWY Health and Subsidiaries (the Corporation) 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 Corporation, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Corporation.
Expenditures reported on the Schedule 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. Pass-through entity identifying numbers are presented where available.
The federal loan programs listed subsequently are administered directly by the Corporation, and balances and transactions relating to these programs are included in the Corporation’s basic consolidated financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of the loan outstanding at December 31, 2024 is as follows: Assistance Listing Number; Program Name; Outstanding Balance at December 31, 2024 14.128; Mortgage Insurance - Hospitals; $9,270,650