Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity of Priority Health Care, Inc. (“the Organization”) 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. The Organization is defined in Note 1 to the financial statements for the year ended December 31, 2025. All federal awards received directly from federal agencies are included on the schedule, as well as federal awards passed-through other government agencies, as applicable.
Federal revenues of $6,612,474 are reported in the Consolidated Statement of Activities and Charnges in Net Assets, which includes $4,962,371 that agree to federal expenditures on the Schedule of Federal Awards and $1,650,103 in Employer Retention Tax Credits.
The Organization did not pass through any federal funds to subrecipients