Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Helene Fuld College of Nursing 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 this schedule presents only a selected portion of the operations of Helene Fuld College of Nursing, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Helene Fuld College of Nursing.
For federal awards received during the year ended December 31, 2025, there were no payments made to subrecipients.
The College participates in the Direct Loan Program. New loans under the Direct Loan Program totaled $9,439,804 for the year ended December 31, 2025. The College does not have any continuing administrative or compliance responsibilities for the Direct Loan Program once the student completes the associated semester.