Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Packard Health, Inc. under programs of the federal government for the year ended August 31, 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 Packard Health, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Packard Health, Inc.The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Packard Health, Inc. under programs of the federal government for the year ended August 31, 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 Packard Health, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Packard Health, Inc.
Federal revenues are recorded as Grant revenue and contract service fees on the Statement of Operations. Grant revenue and contract service fees per financial statements $ 5,448,554 Less: Nonfederal grant and contract revenues (3,910,669) Federal expenditures per schedule of expenditures of federal awards $ 1,537,885
No amounts were provided to subrecipients.