Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Lutheran Family Services in the Carolinas, Mountain Ridge Home, Inc. Whittecar Home lnc., LSA Management, Inc., Lutheran Home - Albemarle, Inc., Lutheran Home - Hickory, Inc., Lutheran Home at Trinity Oaks, Inc., Lutheran Home - Hickory West, Inc., Lutheran Home - Winston Salem, Inc., Lutheran Home -Forsyth County, Inc., and Lutheran Home - Wilmington, Inc. (“Lutheran Services Carolinas”) under the programs of the federal government for the year ended September 30, 2024. The information in the 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 Lutheran Services Carolinas, it is not intended to and does not present the financial position and statements of operations and changes in net assets or cash flows of Lutheran Services Carolinas.
Expenditures are reported in the Schedule on the accrual basis of accounting. Such expenditures 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. Pass-through entity identifying numbers are presented where available.
Lutheran Services Carolinas has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Lutheran Services Carolinas had the following loan balances outstanding at September 30, 2024 for loans that the grantor/pass-through grantor has still imposed continuing compliance requirements. Loans outstanding at the beginning of the year and loans made during the year are included in the SEFA. The balance of loans outstanding at September 30, 2024 consist of: Assistance Pass-Through Pass-Through Listing Entity Identifying Federal Program Title Number Number Expenditures Supportive Housing for the Elderly 14.157 N/A $ 123,256 Supportive Housing for Persons with Disabilities 14.181 N/A $ 249,800