Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
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 3795618.
Title: Note G Disaster Grants Public Assistance
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Manor received amounts from DHS through the Disaster Grants - Public Assistance(Presidentially Declared Disasters) program (Federal Financial Assistance Listing No. 97.036) during the year ended December 31, 2022 totaling $889,656. The Manor incurred eligible expenses and, therefore, recognized revenue totaling $889,656 for the year ended December 31, 2022 on the financial statements. In accordance with the 2022 compliance supplement, the programs expenditures recognized on the schedule are based on the reporting of expenses incurred from April 3, 2020 to May 2, 2022 which were obligated by DHS during 2022, as required under the compliance supplement.