Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Northeast Valley Health Corporation (NEVHC) under programs of the federal government for the year ended December 31, 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). Because the Schedule presents only a selected portion of the operations of NEVHC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of NEVHC.
Expenditures 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. Program expenditures in excess of the maximum reimbursement authorized or the portion of the program expenditures that were funded with non-Federal funds are excluded from the accompanying Schedule. Subject to limitations, NEVHC is allowed to use a provisional indirect cost rate of 8.57% for all programs related to grants, contracts, and agreements with the federal government, for the year ended December 31, 2025, and therefore does not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Consistent with management’s policy, federal awards are recorded in the same account categories as grants from other sources, which are together reported as grant revenues in NEVHC’s Audited Financial Statements. As a result, the amount of total federal awards expended on the Schedule does not agree with the total grant revenue reported in NEVHC’s Audited Financial Statements.
NEVHC provided federal awards of $3,168,894 to subrecipients for the year ended December 31, 2025.