Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity
of Rolette Community Care Center, Inc. (Care Center) under programs of the federal government for the year
ended June 30, 2023. The information 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
the Care Center, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of the Care Center. Expenditures reported on the schedule are reported on the accrual basis of accounting. When applicable, such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain
types of expenditures are not allowable
De Minimis Rate Used: N
Rate Explanation: The Care Center does not draw for indirect administrative expenses and has not elected to use the 10% de
minimis cost rate.
The Care Center received amounts from the U.S. Department of Health and Human Services (HHS) through the
Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) program (Federal Financial
Assistance Listing #93.498). The PRF expenditures are recognized on the Schedule when the expenditures were
included in the reporting to HHS for Period 4, defined as payments received between July 1, 2021 and
December, 2021. As the total amount of $57,867 was included on the Period 4 report submitted to HHS, that
amount is shown on the accompanying Schedule.
Title: Loan Programs
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity
of Rolette Community Care Center, Inc. (Care Center) under programs of the federal government for the year
ended June 30, 2023. The information 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
the Care Center, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of the Care Center. Expenditures reported on the schedule are reported on the accrual basis of accounting. When applicable, such
expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain
types of expenditures are not allowable
De Minimis Rate Used: N
Rate Explanation: The Care Center does not draw for indirect administrative expenses and has not elected to use the 10% de
minimis cost rate.
Expenditures reported on the Schedule consist of 90% of the beginning of the year outstanding balance of the
Care Center’s USDA guaranteed loan. The total outstanding balance of the loan as of July 1, 2022, was
$4,873,227, of which 90% is $4,385,904 and is the amount reported on the Schedule. If applicable, 90% of any
advances made on the loan during the year would also be reported on the Schedule. The outstanding balance of
the Care Center’s USDA guaranteed loan as of June 30, 2023, was $4,775,864, of which 90% totals $4,298,278.