Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activityof Harmony Healthcare Long Island (the "Organization") under programs of the federal government for the yearended December 31, 2025 . The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards ("Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of theOrganization, it is not intended to and does not present the financial position, changes in net position, or cash flowsof the Organization.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types of expendituresare not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule representadjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
The Organization has elected to use the 10% de-minimus indirect cost rate for federal awards allowed under theUniform Guidance.