Notes to SEFA
No amounts were provided to subrecipients.
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value and is covered by SPCC’s casualty insurance policies. There were no loans or loan guarantees outstanding at year end.
Amounts included on the Schedule of Expenditures of Federal Awards include non-cash assistance provided by the New York State Department of Health; this assistance is not included in SPCC’s revenues or expense on the Statement of Activities.