Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Goodall-Witcher Healthcare Foundation, (the “Foundation”) under programs of the federal government for the year ended June 30, 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 the Foundation, it is not intended to and does not present the financial position, revenues, expenses and changes in net position, or cash flows of the Foundation.
The Foundation did not provide any federal awards to subrecipients during the year ended June 30, 2025
The Foundation administers a Community Facilities Loans and Grants Program funded by the U.S. Department of Agriculture. Balances and transactions relating to this program are included in the Foundation’s basic financial statements. Loans made during the year are included in the federal expenditures presented in this Schedule. The outstanding loan balance of $4,857,256 is included in federal expenditures in accordance with 2CFR 200.502(b).