Notes to SEFA
Eau Claire Cooperative Health Center has adopted Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards were adopted to fulfill the financial and compliance audit requirements of federal grantor agencies. For purposes of implementing Uniform Guidance, federal grant awards were made susceptible to audit and are included in the Schedule of Expenditures of Federal Awards.
The financial activity shown on the Schedule of Expenditures of Federal Awards reflects amounts recorded by Eau Claire Cooperative Health Center during its fiscal year January 1, 2025, through December 31, 2025, and accordingly does not include a full year’s financial activity for grants awarded or terminated on dates not coinciding with Eau Claire Cooperative Health Center’s fiscal year. Eau Claire Cooperative Health Center reports these on the accrual basis of accounting. Eau Claire Cooperative Health Center has not elected to use the 10 percent de minimis cost rate as covered in 2 CFR 200.414 when applicable.
Eau Claire Cooperative Health Center had the following loan balance outstanding at December 31, 2024: Program Title Community Facilities Loan Federal AL/Other # 10.766 Amount Outstanding $1,075,629