Title: DIRECT LOAN
Accounting Policies: GENERAL
The accompanying schedule of expenditures of federal awards (the Schedule) has been prepared in accordance with accounting principles generally accepted in the United States of America. Amounts included in the Schedule are actual expenditures for the year ended December 31, 2023. The accompanying Schedule presented the activity of all federal award programs of The Lutheran Home of Central New York, Inc. (LHCNY). 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 LHCNY’s operations, it is not intended to and does not present the financial position, changes in net assets, or cash flows of LHCNY.
2. BASIS OF ACCOUNTING
Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with GAAP. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
PROVIDER RELIEF FUNDS
The amount included in the schedule of expenditures and federal awards is based upon the reporting period September 30, 2023.
De Minimis Rate Used: Y
Rate Explanation: 0.1
LHCNY obtained from U.S. Department of Agriculture a direct loan. The outstanding balance of the direct loan at December 31, 2023 was $2,004,803.
Title: PROVIDER RELIEF FUNDS
Accounting Policies: GENERAL
The accompanying schedule of expenditures of federal awards (the Schedule) has been prepared in accordance with accounting principles generally accepted in the United States of America. Amounts included in the Schedule are actual expenditures for the year ended December 31, 2023. The accompanying Schedule presented the activity of all federal award programs of The Lutheran Home of Central New York, Inc. (LHCNY). 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 LHCNY’s operations, it is not intended to and does not present the financial position, changes in net assets, or cash flows of LHCNY.
2. BASIS OF ACCOUNTING
Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with GAAP. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
PROVIDER RELIEF FUNDS
The amount included in the schedule of expenditures and federal awards is based upon the reporting period September 30, 2023.
De Minimis Rate Used: Y
Rate Explanation: 0.1
The amount included in the schedule of expenditures and federal awards is based upon the reporting period September 30, 2023
Title: SUBRECIPIENTS
Accounting Policies: GENERAL
The accompanying schedule of expenditures of federal awards (the Schedule) has been prepared in accordance with accounting principles generally accepted in the United States of America. Amounts included in the Schedule are actual expenditures for the year ended December 31, 2023. The accompanying Schedule presented the activity of all federal award programs of The Lutheran Home of Central New York, Inc. (LHCNY). 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 LHCNY’s operations, it is not intended to and does not present the financial position, changes in net assets, or cash flows of LHCNY.
2. BASIS OF ACCOUNTING
Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance with GAAP. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
PROVIDER RELIEF FUNDS
The amount included in the schedule of expenditures and federal awards is based upon the reporting period September 30, 2023.
De Minimis Rate Used: Y
Rate Explanation: 0.1
LHCNY does not have any subrecipients of federal awards.