Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of HealthCare Industry Grant Corporation. HealthCare Industry Grant Corporation‘s reporting entity is defined in Note 1 to HealthCare Industry Grant Corporation’s basic financial statements. All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included in the Schedule of Expenditures of Federal Awards.
The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in Note 2 to HealthCare Industry Grant Corporation’s basic financial statements.
Grant expenditure reports as of December 31, 2025, which have been submitted to grantor agencies will, in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are typically prepared at a later date and often reflect refined estimates of year-end accruals. The reports will agree at termination of the grant as the discrepancies noted are timing differences.
HealthCare Industry Grant Corporation has elected to use the 10% de minimis indirect cost rate as allowed under Uniform Guidance.