Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Triad Health Systems, Inc. (“THS”) under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with 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 THS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of THS.
During 2025, THS did not receive material donated personal protective equipment from federal sources.
THS has elected not to use the 15% de minimis indirect cost rate as allowed under the Uniform Guidance.