Notes to SEFA
The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award of Bishop Wicke Health and Rehabilitation Center, Inc. (the “Facility”) under programs of the federal government for the year ended September 30, 2025. The information in this Schedule is presented in accordance with the requirements of the 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 Facility, it is not intended to and does not present the financial position, changes in net assets (deficit) or cash flows of the Facility.
The Facility has a mortgage payable with a balance outstanding of $6,377,406 at September 30, 2025. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The Facility received no additional loans during the year.