Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of People's Memorial Hospital, d/b/a Buchanan County Health Center (Health Center) under programs of the federal government for the year ended June 30, 2025. The information 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 Health Center, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Health Center.
Expenditures reported on this schedule under the Community Facilities Loans and Grants Program consists of the beginning of the year outstanding loan balances of the Health Center’s USDA direct loans of $15,396,379. If applicable, advances made on the loans during the year are reported on the Schedule. The Health Center made no advances on the loans during the year ended June 30, 2025. The Health Center’s outstanding loan balances for the direct loans as of June 30, 2025, is $14,860,513.