Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Health West, Inc. under programs of the federal government for the year ended May 31, 2025. The information in the Schedule is presented in accordance with the requirements of 2 CFR 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 Health West, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Health West, 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.
Health West, Inc. does not draw for indirect administrative expenses and has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.