Title: Note 1: Basis of Presentation
Accounting Policies: Note 2: Summary of Significant Accounting Policies - With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirement contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portion for the reporting period 5, due September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Note 3: Indirect Costs - Christian Community Home of Osceola, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of Christian Community Home of Osceola, Inc. 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, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Because the schedule presents only a selected portion of the operations of Christian Community Home of Osceola, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Christian Community Home of Osceola, Inc.
Title: Note 4: Subrecipients
Accounting Policies: Note 2: Summary of Significant Accounting Policies - With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirement contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portion for the reporting period 5, due September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Note 3: Indirect Costs - Christian Community Home of Osceola, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Christian Community Home of Osceola, Inc. passed no federal awards through to subrecipients.
Title: Note 5: Balance of Outstanding Loan
Accounting Policies: Note 2: Summary of Significant Accounting Policies - With the exception of expenditures related to the Provider Relief Fund (PRF), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF is not subject to cost principles requirement contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portion for the reporting period 5, due September 30, 2023.
De Minimis Rate Used: N
Rate Explanation: Note 3: Indirect Costs - Christian Community Home of Osceola, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The loan balances outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. There are no new loans received during the year ended December 31, 2023.
Program Name
CFDA Number Outstanding Balance at December 31, 2023
U.S. Department of Housing and Urban Development: Section 232 Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes, and Assisted Living Facilities 14.129 $6,220,766