Audit 302792

Accounting Policies: Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of St. Camillus Residential Health Care Facility, HUD Project No. 014-10073 (the Facility) and is presented in accordance with accounting principles generally accepted in the United States of America. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of the operations of the Facility, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Facility. Basis of Accounting 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. Insured Mortgage The Facility obtained a mortgage guarantee from HUD. The outstanding balance of the mortgage at December 31, 2023 was $3,753,580. Provider Relief Funds The amounted included in the schedule of expenditures of federal awards is based upon the reporting period September 30, 2023. Indirect Costs The Facility has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: Indirect Costs The Facility has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.