Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Cherry Health and Related Entities under programs of the federal government for the year ended March 31, 2025. 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 Cherry Health and Related Entities, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Cherry Health and Related Entities.
No amounts were provided to subrecipients.
Federal revenues are recorded as federal grant revenue on the Consolidated Statement of Operations as follows: Federal grant revenue per financial statements $ 12,566,967 Beginning loan balance (10.766) of agreement with U.S. Department of Agriculture 750,928 Total expenditures of federal awards $ 13,317,895