Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Penobscot Valley Hospital and Subsidiary under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the 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 Penobscot Valley Hospital and Subsidiary, it is not intended to and does not present the financial position, changes in net assets or cash flows of Penobscot Valley Hospital and Subsidiary.
Penobscot Valley Hospital and Subsidiary have promissory notes outstanding through the U.S. Department of Agriculture (USDA). As required, the Schedule reflects the outstanding balances as of January 1, 2025. The balances outstanding at December 31, 2025 were $3,422,739.