Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal award activity of the Organization 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 the Organization it is not intended to and does not present the financial position, results of operations, changes in net assets or cash flows of the Organization.
The Organization received and expended funds from Affordable Care Act - Teaching Health Center Graduate Medical Education (THCGME) Payments Program. The amount of funds received during the period under audit, $2,400,000, is not included in the Schedule of Expenditures of Federal Awards above as the program, ALN 93.530, and is exempt from the Uniform Guidance requirements per the program description.