Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance (the "Schedules" includes the federal and state award activity of Henry J. Austin Health Center Inc (the "Center") under programs of the federal government and State of New Jersey for the year ended March 31, 2025. The information in the Schedules 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") and the New Jersey Department of Treasury Policy Circular Letter 25-12-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid ("NJ Circular 25-12-OMB"). Because the Schedules present only a selected portion of the operations of the Center, they are not intended to and do not present the financial position, changes in net position, or cash flows of the Center.
The Center submits requests for reimbursement to the U.S. Department of Health and Human Services on a periodic basis. At March 31, 2025, receivables from the U.S. Department of Health and Human Services totaled $735,911.
The Center contracted with the State of New Jersey Department of Health (the "Department") to provide health and medical services to the uninsured population under the Prevention and Primary Care Program. The Department reimburses the Center for uninsured visits at a fixed amount per visit regardless of the actual costs incurred. During the year ended March 31, 2025, total amount earned and recognized as revenue under the Letters of Agreement was $1,065,100.