Title: Loan/loan guarantee outstanding balances
Accounting Policies: Basis of Presentation- The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Saints Joachim & Anne Nursing & Rehabilitation Center, HUD Project No. 012-22296, (the Center) under programs of the federal government for the year ended December 31, 2022. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center. Summary of Significant 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 with the exception of the matter discussed in Note 4.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
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 $8,138,735.
Title: Provider Relief Funding and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: Basis of Presentation- The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Saints Joachim & Anne Nursing & Rehabilitation Center, HUD Project No. 012-22296, (the Center) under programs of the federal government for the year ended December 31, 2022. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center. Summary of Significant 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 with the exception of the matter discussed in Note 4.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule includes Provider Relief Fund and ARP Rural Distribution program expenditures of $768,199. These are out-of-period expenditures, which are reported in accordance with the terms and conditions included in the U.S. Department of Health and Human Services Post-Payment Notice of Reporting Requirements specific to the Provider Relief Fund and ARP Rural Distribution program. The amount on the Schedule does not include lost revenue and out-of-period expenditures are not permitted concept under U.S. GAAP.
Title: Entities Included in the Schedule
Accounting Policies: Basis of Presentation- The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Saints Joachim & Anne Nursing & Rehabilitation Center, HUD Project No. 012-22296, (the Center) under programs of the federal government for the year ended December 31, 2022. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center. Summary of Significant 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 with the exception of the matter discussed in Note 4.
De Minimis Rate Used: N
Rate Explanation: The Center has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule includes the following entity as identified by individual tax identification number (TIN) and entity name: TIN- 222943712 and Entity- Saints Joachim & Anne Nursing & Rehabilitation Center