Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal awards activity of the Hospital under programs of the federal government for the year ended December 31, 2025. The accompanying schedule presents total expenditures in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, the amounts presented in this schedule may differ from the amounts presented in, or used in, the preparation of the basic financial statements.
Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance.
The ending outstanding balances as of December 31, 2025 were as follows: Federal Financial Program/ Assistance Cluster Name Listing Number Outstanding Balance Department of Agriculture – Community Facilities Loans and Grants Cluster: Direct Loan 10.766 $ 6,894,967 Guaranteed Loan 10.766 435,000 Total $ 7,329,967
The Hospital has not elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.