Audit 352799

Accounting Policies: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES---Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. ---BASIS OF PRESENTATION---The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Halls Ferry Manor, Inc. under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of 2 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 Halls Ferry Manor, Inc., it is not intended to and does not present the financial position, changes in net deficit, or cash flows of Halls Ferry Manor, Inc. At December 31, 2024, the balance of Halls Ferry Manor, Inc.’s HUD Capital Advance was $4,243,200 as represented by the Supportive Housing for the Elderly federal program above. De Minimis Rate Used: Y Rate Explanation: Halls Ferry Manor, Inc. has elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.