Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Copley Hospital, Inc. under programs of the federal government for the year ended September 30, 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 Copley Hospital, Inc., it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of Copley Hospital, Inc.
The federal loan programs listed subsequently are administered directly by the Hospital, and balances and transactions relating to these programs are included in the Hospital’s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at September 30, 2025 consists of: Outstanding CFDA Balance at Number Program Name September 30, 2025 10.766 Community Facility Loans and Grants $9,900,000