Audit 304728

Title: ENDING LOAN BALANCE Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Warrior Run Manor, Inc., HUD Project No. 034-11170/ PA26T815007, and is presented on the accrual basis of accounting. The information in this 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Warrior Run Manor, Inc., it is not intended to and does not present the financial position, changes in net deficit, or cash flows of Warrior Run Manor, Inc. 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. De Minimis Rate Used: N Rate Explanation: Warrior Run Manor, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance, as the Corporation does not have indirect costs. The HUD Section 223(f) loan balance as of December 31, 2023 amounted to $3,098,006.