Title: 1.Basis of Presentation
Accounting Policies: 1.Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalawards of Presbyterian SeniorCare (Parent Company Only) (the Organization) under programs ofthe federal government for the year ended December 31, 2023. The information in the Schedule ispresented 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 FederalAwards (Uniform Guidance). Because the Schedule presents only a select portion of the operations ofthe Organization, it is not intended to and does not present the financial position, results of operationsand change in net assets or cash flows of the Organization.
2.Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the costs principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.
3.Disaster Grants, Public Assistance (Presidentially Declared Disasters) - Assistance ListingNumber 97.036
The Federal Emergency Management Agency (FEMA) requires that FEMA has approved a projectworksheet and that there have been eligible expenditures incurred for the approved project prior toreporting this program on the Schedule of Expenditures of Federal Awards (the Schedule). In accordancewith FEMA's guidance, $1,126,012 of the expenditures reported on the current year Schedule relate toamounts incurred and reported in the financial statements of the Organization for the year endedDecember 31, 2023.
4.Indirect Cost Rate
The Company has not elected to use the 10% de-minimis indirect cost rate allowed underUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Company has not elected to use the 10% de-minimis indirect cost rate allowed underUniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalawards of Presbyterian SeniorCare (Parent Company Only) (the Organization) under programs ofthe federal government for the year ended December 31, 2023. The information in the Schedule ispresented 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 FederalAwards (Uniform Guidance). Because the Schedule presents only a select portion of the operations ofthe Organization, it is not intended to and does not present the financial position, results of operationsand change in net assets or cash flows of the Organization.
Title: 2.Summary of Significant Accounting Policies
Accounting Policies: 1.Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalawards of Presbyterian SeniorCare (Parent Company Only) (the Organization) under programs ofthe federal government for the year ended December 31, 2023. The information in the Schedule ispresented 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 FederalAwards (Uniform Guidance). Because the Schedule presents only a select portion of the operations ofthe Organization, it is not intended to and does not present the financial position, results of operationsand change in net assets or cash flows of the Organization.
2.Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the costs principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.
3.Disaster Grants, Public Assistance (Presidentially Declared Disasters) - Assistance ListingNumber 97.036
The Federal Emergency Management Agency (FEMA) requires that FEMA has approved a projectworksheet and that there have been eligible expenditures incurred for the approved project prior toreporting this program on the Schedule of Expenditures of Federal Awards (the Schedule). In accordancewith FEMA's guidance, $1,126,012 of the expenditures reported on the current year Schedule relate toamounts incurred and reported in the financial statements of the Organization for the year endedDecember 31, 2023.
4.Indirect Cost Rate
The Company has not elected to use the 10% de-minimis indirect cost rate allowed underUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Company has not elected to use the 10% de-minimis indirect cost rate allowed underUniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the costs principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: 3.Disaster Grants, Public Assistance (Presidentially Declared Disasters) - Assistance ListingNumber 97.036
Accounting Policies: 1.Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalawards of Presbyterian SeniorCare (Parent Company Only) (the Organization) under programs ofthe federal government for the year ended December 31, 2023. The information in the Schedule ispresented 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 FederalAwards (Uniform Guidance). Because the Schedule presents only a select portion of the operations ofthe Organization, it is not intended to and does not present the financial position, results of operationsand change in net assets or cash flows of the Organization.
2.Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the costs principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.
3.Disaster Grants, Public Assistance (Presidentially Declared Disasters) - Assistance ListingNumber 97.036
The Federal Emergency Management Agency (FEMA) requires that FEMA has approved a projectworksheet and that there have been eligible expenditures incurred for the approved project prior toreporting this program on the Schedule of Expenditures of Federal Awards (the Schedule). In accordancewith FEMA's guidance, $1,126,012 of the expenditures reported on the current year Schedule relate toamounts incurred and reported in the financial statements of the Organization for the year endedDecember 31, 2023.
4.Indirect Cost Rate
The Company has not elected to use the 10% de-minimis indirect cost rate allowed underUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Company has not elected to use the 10% de-minimis indirect cost rate allowed underUniform Guidance.
The Federal Emergency Management Agency (FEMA) requires that FEMA has approved a projectworksheet and that there have been eligible expenditures incurred for the approved project prior toreporting this program on the Schedule of Expenditures of Federal Awards (the Schedule). In accordancewith FEMA's guidance, $1,126,012 of the expenditures reported on the current year Schedule relate toamounts incurred and reported in the financial statements of the Organization for the year endedDecember 31, 2023.
Title: 4.Indirect Cost Rate
Accounting Policies: 1.Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalawards of Presbyterian SeniorCare (Parent Company Only) (the Organization) under programs ofthe federal government for the year ended December 31, 2023. The information in the Schedule ispresented 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 FederalAwards (Uniform Guidance). Because the Schedule presents only a select portion of the operations ofthe Organization, it is not intended to and does not present the financial position, results of operationsand change in net assets or cash flows of the Organization.
2.Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the costs principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.
3.Disaster Grants, Public Assistance (Presidentially Declared Disasters) - Assistance ListingNumber 97.036
The Federal Emergency Management Agency (FEMA) requires that FEMA has approved a projectworksheet and that there have been eligible expenditures incurred for the approved project prior toreporting this program on the Schedule of Expenditures of Federal Awards (the Schedule). In accordancewith FEMA's guidance, $1,126,012 of the expenditures reported on the current year Schedule relate toamounts incurred and reported in the financial statements of the Organization for the year endedDecember 31, 2023.
4.Indirect Cost Rate
The Company has not elected to use the 10% de-minimis indirect cost rate allowed underUniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The Company has not elected to use the 10% de-minimis indirect cost rate allowed underUniform Guidance.
The Company has not elected to use the 10% de-minimis indirect cost rate allowed underUniform Guidance.