Notes to SEFA
The Schedule of Expenditures of Federal Awards includes the federal awards activity of the Organization and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statement.
The Organization is the recipient of a State and Regional Primary Care Association grant from the U.S. Department of Health and Human Services. The general purpose of the grant is to provide support for the state’s Federally Qualified Health Centers through education, training and networking. Terms of the grant generally provide for funding of the Organization’s operations based on an approval budget. Grant revenue is recognized as qualifying expenditures are incurred over the grant period. The Organization recognized $1,774,497 in revenues from this grant for the period ended June 30, 2025. The Organization’s present grant award covers the grant year ending June 30, 2026, and is authorized for funding in the amount of $1,570,630.The Organization has elected not to use the 10-percent de minimis direct cost rate as allowed under the Uniform Guidance.
The Organization did not provide a federal award to a subrecipient during the period ended June 30, 2025.