Title: 1. Basis of Presentation
Accounting Policies: Expenditures are reported in the Schedule 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. Pass-through entity identifying numbers are presented where available.
Expenditures for PRF are based upon the PRF report for the year ended September 30, 2023 in accordance with the terms and conditions set by HRSA.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Lutheran Family Services in the Carolinas, Mountain Ridge Home, Inc. Whittecar Home lnc., LSA Management, Inc., Lutheran Home - Albemarle, Inc., Lutheran Home - Hickory, Inc., Lutheran Home at Trinity Oaks, Inc., Lutheran Home - Hickory West, Inc., Lutheran Home - Winston Salem, Inc., Lutheran Home -Forsyth County, Inc., and Lutheran Home - Wilmington, Inc. (“Lutheran Services Carolinas”) under the programs of the federal government for the year ended September 30, 2023. The information in the 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 (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of Lutheran Services Carolinas, it is not intended to and does not present the financial position and statements of operations and changes in net assets or cash flows of Lutheran Services Carolinas.
As outlined in the May 2023 OMB Compliance Supplement, the amounts reported in the accompanying Schedule related to the Provider Relief Fund (PRF) and American Rescue Plan (ARP) Rural Distribution, Assistance Listing No. 93.498, are reported based upon the PRF reporting portal submission guidelines established by the U.S. Department of Health and Human Services, Health Resource and Service Administration (HRSA). Separate reporting periods were established by HRSA based on the dates of receipt of PRF payments. Each reporting period has a specific period of availability which begins on
January 1, 2020 and extends through specified deadlines, as indicated below:
The accompanying Schedule includes those qualifying expenditures that were reported in the HRSA PRF portal for Period 4. Of that amount, approximately $198,000 in PRF payments was recognized by Lutheran Services Carolinas in its statement of operations and changes in net assets as federal grants and other during the fiscal year ended September 30, 2023.
Title: 2. Basis of Accounting
Accounting Policies: Expenditures are reported in the Schedule 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. Pass-through entity identifying numbers are presented where available.
Expenditures for PRF are based upon the PRF report for the year ended September 30, 2023 in accordance with the terms and conditions set by HRSA.
De Minimis Rate Used: N
Rate Explanation: N/A
Expenditures are reported in the Schedule 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. Pass-through entity identifying numbers are presented where available. Expenditures for PRF are based upon the PRF report for the year ended September 30, 2023 in accordance with the terms and conditions set by HRSA.
Title: 3. Indirect Cost Rate
Accounting Policies: Expenditures are reported in the Schedule 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. Pass-through entity identifying numbers are presented where available.
Expenditures for PRF are based upon the PRF report for the year ended September 30, 2023 in accordance with the terms and conditions set by HRSA.
De Minimis Rate Used: N
Rate Explanation: N/A
Lutheran Services Carolinas has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: 4. Loans Outstanding
Accounting Policies: Expenditures are reported in the Schedule 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. Pass-through entity identifying numbers are presented where available.
Expenditures for PRF are based upon the PRF report for the year ended September 30, 2023 in accordance with the terms and conditions set by HRSA.
De Minimis Rate Used: N
Rate Explanation: N/A
Lutheran Services Carolinas had the following loan balances outstanding at September 30, 2023 for loans
that the grantor/pass-through grantor has still imposed continuing compliance requirements. Loans
outstanding at the beginning of the year and loans made during the year are included in the SEFA. The
balance of loans outstanding at September 30, 2022 consist of: Assistance Pass-Through Pass-Through
Listing Entity Identifying Federal
Program Title Number Number Expenditures
Supportive Housing for the Elderly 14.157 N/A $ 131,953
Supportive Housing for Persons with Disabilities 14.181 N/A $ 249,800