Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of AcademyHealth under programs of the Federal Government for the year ended December 31, 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 AcademyHealth, it is not intended to and does not present the financial position, change in net assets or cash flows of AcademyHealth.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. AcademyHealth has elected not to use the de minimis indirect cost rate as allowed under Uniform Guidance.
The table below summarizes a reconciliation between the revenue reported on the financial statements for the year ended December 31, 2025 and the Federal grant expenditures reported on the schedule of expenditures of Federal awards for the year ended December 31, 2025: Federal grants and contracts per the financial statements $ 5,552,240 Less: Fixed price Federal contracts not subject to 2 CFR 200 requirements (954,366) Less: Sponsorships not subject to 2 CFR 200 requirements (276,363) Less: Grants from Federally funded non-profits not subject to 2 CFR 200 requirements (2,488,526) FEDERAL EXPENSES AS REPORTED IN THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS $ 1,832,985