Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Windber Research Institute d/b/a Chan Soon-Shiong Institute of Molecular Medicine (the “Organization”) 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
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. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identification numbers are presented where available.
For the years ended June 30, 2025 and 2024, the Organization did not elect to use ten percent (10%) de minimus indirect cost rate as allowed in the Uniform Guidance, section 414.