Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal awards activity of Gothenburg Memorial Hospital District (the Hospital) under programs of the federal government for the year ended June 30, 2025. The accompanying schedule presents total expenditures in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, the amounts presented in this schedule may differ from the amounts presented in, or used in, the preparation of the basic financial statements.
The accompanying schedule of expenditures of federal awards includes the federal activity of the Hospital under programs of the federal government for the year ended June 30, 2025 and is presented on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance.
The balance of loans outstanding at June 30, 2025 consists of: ALN Number Program Name Outstanding Balance 10.766 Direct, Department of Agriculture - Community Facilities Loans and Grants $ 27,125,335 10.766 Guaranteed, Department of Agriculture - Community Facilities Loans and Grants 2,113,741
The Hospital has not elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.