Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Illumination Health + Home under programs of 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 Illumination Health + Home, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Illumination Health + Home.
Scope of Presentation The accompanying schedule presents the expenses incurred by Illumination Health + Home that are reimbursable under federal programs of federal financial assistance. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Indirect Cost Rate Illumination Health + Home has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.