Audit 352802

Title: 1. Summary of Significant Accounting Policies Accounting Policies: Basis of Presentation: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs administered by United Helpers Canton Nursing Home, Inc. (UH Canton Nursing Home), an entity as described in Note 1 to its financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the SEFA. Basis of Accounting: UH Canton Nursing Home uses the accrual basis of accounting for its federal programs, consistent with the financial statements. The amounts reported as federal expenditures/loan balances were obtained from the appropriate financial reports for the applicable program and period. The amounts reported in these financial reports are prepared from records maintained for the program, which are periodically reconciled to UH Canton Nursing Home’s financial reporting system. Indirect Costs: UH Canton Nursing Home does not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance. Loans Outstanding: At December 31, 2024, gross loan balances outstanding under the Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities program totaled $11,933,080. De Minimis Rate Used: N Rate Explanation: Indirect Costs: UH Canton Nursing Home does not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance. Basis of Presentation: The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal award programs administered by United Helpers Canton Nursing Home, Inc. (UH Canton Nursing Home), an entity as described in Note 1 to its financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the SEFA. Basis of Accounting: UH Canton Nursing Home uses the accrual basis of accounting for its federal programs, consistent with the financial statements. The amounts reported as federal expenditures/loan balances were obtained from the appropriate financial reports for the applicable program and period. The amounts reported in these financial reports are prepared from records maintained for the program, which are periodically reconciled to UH Canton Nursing Home’s financial reporting system. Indirect Costs: UH Canton Nursing Home does not use the 10% de minimis indirect cost rate permitted by the Uniform Guidance. Loans Outstanding: At December 31, 2024, gross loan balances outstanding under the Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities program totaled $11,933,080.