Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Sioux Center Health (the Health Center) under programs of the federal government for the year ended June 30, 2025. The information 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 Health Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Health Center.
Expenditures reported in the schedule consist of the beginning of the year outstanding loan balance plus advances during the year. There were no advances during the year. The outstanding balances at June 30, 2025 for the 2014 Direct Loan was $19,943,145 and $24,143,780 for the 2022 Direct Loan.