Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) represents federal grant activity of the Medical Center under programs of the federal government for the year ended September 30, 2025. The information in the 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 Medical Center, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Medical Center.
The Uniform Guidance allows an organization to elect a de minimis indirect cost rate. For the year ended September 30, 2025, the Medical Center did not elect to use this rate.
As of September 30, 2025, the Medical Center had $52,968,241 of federal loans or loan guarantees outstanding, as part of the Community and Facilities Loan and Grants cluster.
The Medical Center has no federally funded insurance.
The Medical Center did not receive any federal noncash assistance for the year ended September 30, 2025.
Federal grants, as presented on the SEFA, are included in the following financial statement line items on the statement of revenue, expenses, and changes in net position: