Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Southern Illinois Healthcare Enterprises, Inc. and its subsidiaries (the Corporation) under programs of the federal government for the year ended March 31, 2025. The information in the 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.
For programs where indirect costs are included in the approved grant budgets, the Corporation has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Corporation did not receive any non-cash assistance during the year ended March 31, 2025. The Corporation did not have any federal insurance in effect during the year ended March 31, 2025, nor were there any loans or loan guarantees outstanding at year-end.