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PIEDMONT HEALTH SERVICES, INC. <br /> NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL _AWARDS <br /> FOR THE YEAR ENDED. NOVEMBER 30, 2013 <br /> Note 1: The accompanying Schedule of Expenditures of Federal Awards <br /> includes the federal activity of Piedmont Health Services, Inc. , <br /> and is presented on the modified accrual basis of accounting. <br /> Certain non-cash expenses in the financial statements are <br /> excluded from .expenditures per the Schedule of Expenditures of <br /> Federal Awards. Also, certain capitalized costs for financial <br /> statement purposes are included in expenditures in the Schedule <br /> of Expenditures of Federal Awards. The information in this <br /> schedule is presented in accordance with the requirements of OMB <br /> Circular A-133, "Audits of States, Local Governments and Non- <br /> Profit Organizations, " and the grantor agency. <br /> Note 2: The Schedule of Expenditures of Federal Awards does not include <br /> the outstanding balances of Federal loans which were executed in <br /> prior years as follows: <br /> Total Out- <br /> CFDA standing balance <br /> Number Federal Grantor/Program Title November 30, 2013 <br /> 10.766 U. S. Department of Agriculture/ <br /> Community Facilities Loans and <br /> Grants $ 707,310 <br /> -40- <br />