Notes to SEFA
Title: Summary of Auditor's Results
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting used by the Organization to report to the federal government. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the 10% de minimis indirect cost rate under Uniform Guidance.
Financial Statements: Type of auditor’s report issued on whether the financial statements were prepared in accordance with generally acceptable accounting principles: Unmodified
Internal control over financial reporting:
* Material weakness(es) identified? No
* Significant deficiencies identified None reported
* Noncompliance material to financial statements noted? No
Federal Awards: Internal control over major programs:
* Material weakness(es) identified? No
* Significant deficiencies identified None reported
Type of auditor’s report issued on compliance for major programs: Unmodified
Any audit findings disclosed that are required to be reported in accordance with the Uniform Guidance? No
Major programs: Assistance Listing Number Name of Federal Program or Cluster 14.129 Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes, and Assisted Living Facilities
Dollar threshold used to distinguish between type A and type B programs: $750,000
Auditee qualified as low-risk auditee? Yes
Title: Financial Statement Findings
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting used by the Organization to report to the federal government. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the 10% de minimis indirect cost rate under Uniform Guidance.
There were no financial statement findings for the year ended December 31, 2023.
Title: Federal Award Findings and Questioned Costs
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting used by the Organization to report to the federal government. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the 10% de minimis indirect cost rate under Uniform Guidance.
There were no federal award findings or questioned costs for the year ended December 31, 2023.