Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: Note 1- Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal capital advance activity of
Harney Senior Housing, Inc. The information in this schedule is presented 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 Federal Awards (Uniform Guidance). Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal capital advance activity of
Harney Senior Housing, Inc. The information in this schedule is presented 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 Federal Awards (Uniform Guidance). Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Title: Note 2 - Loans Outstanding
Accounting Policies: Note 1- Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal capital advance activity of
Harney Senior Housing, Inc. The information in this schedule is presented 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 Federal Awards (Uniform Guidance). Therefore, some amounts presented
in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Harney Senior Housing, Inc. had the following loan balances outstanding at December 31, 2024. These loan
balances outstanding are also included in the federal expenditures presented in the schedule.