Notes to SEFA
Title: NOTE 2: Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of La Junta Health Services District d/b/a Bluestem Village (the “District”). 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 the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
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.
Title: NOTE 3: Community Facilities Loans and Grants
Accounting Policies: The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of La Junta Health Services District d/b/a Bluestem Village (the “District”). 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 the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District has borrowed funds from a lender based upon a letter of commitment with the United States Department of Agriculture – Rural Development Community Facilities Loans and Grants program. The loan outstanding at the beginning of the year, totaling $10,457,654, is included in the federal expenditures presented in the Schedule. The District received $3,858,252 in additional loan proceeds during 2023. The balance of the outstanding loan at December 31, 2023, was $14,315,906.
Title: NOTE 5: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of La Junta Health Services District d/b/a Bluestem Village (the “District”). 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 the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District passed no federal awards through to subrecipients.