Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Satilla Health Foundation, Inc. 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 Satilla Health Foundation, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Satilla Health Foundation, Inc.
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.
Satilla Health Foundation, Inc. has elected to use the de minimis indirect cost rate allowed under the Uniform Guidance, applying 10% of modified total direct costs to federal awards issued or amended before October 1, 2024, and up to 15% to awards issued or amended on or after that date, in accordance with the 2024 Uniform Guidance revisions.
Satilla Health Foundation, Inc. did not provide any federal funds to subrecipients nor did they receive any federal non-cash assistance, insurance, loans, or loan guarantees.