Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of LifeBridge Health, Inc. and Subsidiaries (the Corporation), and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Regulations, Part 200 (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in the consolidated financial statements. There were no federal funds passed through to subrecipients for the year ended June 30, 2025.
Expenditures of federal awards are determined using the requirements as set forth in the Uniform Guidance. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement.
The Corporation has not elected to use the de minimis indirect cost rate allowed under the Uniform Guidance.