Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Katherine Luther Residential Health Care & Rehabilitation Center, Inc. (the Home), HUD Project No. 014-22107 and 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, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operations of Katherine Luther Residential Health Care & Rehabilitation Center, Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Katherine Luther Residential Health Care & Rehabilitation Center, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
MORTGAGE INSURANCE_NURSING HOMES, INTERMEDIATE CARE FACILITIES, BOARD AND CARE HOMES AND ASSISTED LIVING FACILITIES (14.129) - Balances outstanding at the end of the audit period were 4291733.
Title: Provider Relief Funds (PRF)
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Katherine Luther Residential Health Care & Rehabilitation Center, Inc. (the Home), HUD Project No. 014-22107 and 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, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operations of Katherine Luther Residential Health Care & Rehabilitation Center, Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Katherine Luther Residential Health Care & Rehabilitation Center, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amount included in the Schedule is based upon the December 31, 2022 PRF report.