Notes to SEFA
The accompanying Consolidated Schedule of Expenditures of Federal Awards (the “Schedule” or “SEFA”) includes the federal award activity of Heritage Valley Health System, Inc. and Subsidiaries (Heritage Valley) under programs of the federal government for the year ended June 30, 2025. The information in the 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 financial statements.
Expenditures on the Schedule are presented 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 the prior years. Pass-through entity identifying numbers are presented where available.
Heritage Valley does not elect to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Heritage Valley participates in numerous federal grant programs, which are governed by various rules and regulations of the grantor agencies. Costs charged to the respective grant programs are subject to audit and adjustments by the grantor agencies. While Heritage Valley believes it has complied with all of the rules and regulations, to the extent Heritage Valley has not complied with rules and regulations governing the grants, refund of any money received may be required and the collectability of any related receivables at June 30, 2025, may be impaired.