Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Regional Center for Border Health, Inc. and Affiliates and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
The Organizations have elected not to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance.
The Organizations did not pass on any funds to subrecipients during the year ended June 30, 2025.
Expenditures reported consist of beginning year outstanding loan balances for direct loans of $36,247,053. Loan payments were $826,567 for the year ended June 30, 2025. Balances of outstanding loans totaled $35,420,486 at June 30, 2025.