Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Outer Cape Health Services, Inc. under programs of the 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 Outer Cape Health Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Outer Cape Health Services, Inc.
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.
Outer Cape Health Services, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. No new loans were made during the year ended June 30, 2025. The balance of loans outstanding at June 30, 2025 was $6,306,930. See the Notes to the SEFA for chart.
In fiscal year 2025, the WIC Program issued $231,104 in vouchers to program participants to be used at local grocery stores. These funds, which are not received directly by Outer Cape Health Services, Inc., are included in the total federal expenditures for the WIC Program on the Schedule.