Notes to SEFA
Expenditures reported on the schedules 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.
The accompanying schedules of expenditures of federal and state awards include the federal and state grant activities of OBHAW and are presented on the accrual basis of accounting. The information in the schedules 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 schedules present only a selected portion of the operations of OBHAW, they are not intended to and do not present the financial position, changes in net assets or cash flows.
OBHAW has elected not to use the 10% minimis indirect cost rate as allowed under the uniform guidance.
The supportive housing for persons with disabilities amount listed under the U.S. Department of Housing and Urban Development expenditures on the schedule of federal awards represents loans provided by HUD to the Projects for low-income persons with disabilities. These loans bear no interest and are not repayable as long as the housing remains available to eligible very income individuals for 40 years and in accordance with Section 811 of the National Affordable Housing Act. Loans outstanding are included in the general expenditures presented in the schedule. No loans were made during the year.
For the Years Ended June 30, 2025 and 2024 OBHAW earned approximately $1,411,904 and $1,683,994 in Medicaid revenues, excluding PASSE, for patient care services. These revenues are included in Net Patient Service Revenue in the Statements of Operations and Changes in Net Assets.