Audit 13369

Title: Loan/loan guarantee outstanding balances Accounting Policies: The accompanying schedule of expenditures of federal awards (The "Schedule") includes the federal award activity of Eventide Lutheran Home for the Aged Missouri Synod (the Organization). This schedule does not include the award activity of Eventide Foundation or Eventide Senior Housing. It is presented on the accrual basis of accounting. 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 the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: No indirect costs are allocated, therefore, no indirect cost rate is needed. Eventide Lutheran Home for the Aged, Missouri Synod has a loan balance of $17,567,104 oustanding from the United States Department of Agriculture, Assistance Listing Number 10.766, at June 30, 2023.