Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activities of all federal awards programs of PryMed Medical Care, Inc. All federal awards received directly from federal agencies, as well as federal awards passed through other governmental agencies, are included in the schedule. The information in this schedule is presented in accordance with the requirements by The Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 2 of the financial statements.
Revenues and expenses of the federal awards programs are included in the Organization's financial statements. The reconciliation between the expenses in the financial statements and expenditures in the Schedule of Expenditures of Federal Awards is as follows: Expenses in the statements of activities $ 39,670,642 Add: Capital expenditures with federal funds 391,118 Less: Depreciation expense (189,494) Less: Non-federal expenses (36,464,418) Total federal expenditures $ 3,407,848
The Organization did not disburse funds to subrecipients for the years ended January 31, 2026.
The Organization did not elect to use the 10% de minimis indirect cost rate.