Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards (The "Schedule") includes the federal awardactivity of Methodist Manor Retirement Community under programs of the federal government for the yearended December 31, 2022. The information in this Schedule is presented in accordance with the requirementsof Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of Methodist Manor Retirement Community, it is not intended to and does not presentthe financial position, changes in net assets, or cash flows of Methodist Manor Retirement Community. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles in the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 28050264. The following loan balances were outstanding at December 31, 2022:Assistance Listing: 10.766 Outstanding Amount: $ 28,050,264Program: USDA - Community Facilities Loans and Grants