Notes to SEFA
The accompanying “Schedule of Expenditures of Federal and State Awards” includes the federal and state award activity of ADVOCAP, Inc. The information in this schedule is presented in accordance with the Uniform Guidance and the State Single Audit Guidelines. Because the schedule presents only a selected portion of the operations of ADVOCAP, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of ADVOCAP, Inc.
The Federal oversight agency for ADVOCAP, Inc. is the U.S. Department of Health Services.
Nonmonetary assistance is reported in the schedule of federal and state awards at the fair market value of the commodities received and used.