Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the "Schedule") includes the federal and state awards of Lakewood Resource and Referral Center, Inc. d/b/a Center for Health Education, Medicine and Dentistry ("Center") under programs of the federal and New Jersey state governments 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") and State of New Jersey, Department of Treasury, Office of Management and Budget Circular 25-12, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. Because the Schedule presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Center.
The Center contracted with the State of New Jersey Department of Health and Senior Services to provide health and medical services to the uninsured population under the Preventive and Primary Care Program. This letter of agreement pays the Center a fixed amount per visit regardless of the actual costs incurred. During the year ended December 31, 2025, the amount earned and recognized as net revenue under this letter of agreement for the contract period July 1, 2024 to June 30, 2025 was $687,852 and for the contract period July 1, 2025 to June 30, 2026 was $809,593. Of the total amount of $809,593 for the July 1, 2025 to June 30, 2026 period, $5,211 is federally funded with assistance listing number 21.027 and is included in the schedule of expenditures of federal awards. Revenue for this program is included in patient services revenue in the basic financial statements. Allowances are calculated based on expected cash collections.