Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Behavioral Science Centers dba Hypnosis Motivation Institute (Institution) 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Award (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Institution, it is not intended to, and does not, present the statement of financial position, activities, or cash flows of the Institution.
Amounts reported in the Schedule agree in all material respects with the amounts reported in the related federal financial reports.
Funds returned for Federal SEOG of $375 resulted in net draws of $21,032. Funds returned for Federal Pell Grants of $73,059 resulted in net draws of $2,087,200. Funds returned for Federal Direct Loans of $228,601 resulted in net draws of $4,608,9848.