Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance (the "Schedules") include the federal and state award activity of Central Jersey Medical Center, Inc. under programs of the federal and state government for the year ended December 31, 2024. The information in the Schedules 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”) and the State of New Jersey Treasury Circular 15-08. Because the Schedules present only a selected portion of the operations of Central Jersey Medical Center, Inc., they are not intended and do not present the financial position, changes in net assets, or cash flows of Central Jersey Medical Center, Inc.
The Organization contracted with the State of New Jersey Department of Health and Senior Services to provide health and medical services to the uninsured population under the Preventive and Primary Care Program. This Letter of Agreement pays the Organization a fixed amount per visit regardless of the actual costs incurred. During the year ended December 31, 2024, the amount expended as revenue under this Letter of Agreement was $950,737.