Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Castle Manor, Inc., HUD Project No. 072-22151, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 of U.S. Code of Federal Regulations 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 Castle Manor, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Castle Manor, Inc. Expenditures reports on the schedule of expenditures of federal awards are reported 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
MORTGAGE INSURANCE_NURSING HOMES, INTERMEDIATE CARE FACILITIES, BOARD AND CARE HOMES AND ASSISTED LIVING FACILITIES (14.129) - Balances outstanding at the end of the audit period were 5047063.
Title: Provider Relief Funds
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Castle Manor, Inc., HUD Project No. 072-22151, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 of U.S. Code of Federal Regulations 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 Castle Manor, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Castle Manor, Inc. Expenditures reports on the schedule of expenditures of federal awards are reported 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditure of federal awards (SEFA) for 2022 includes provider relief funds received for periods 3 and 4 that were spent from January 1, 2021 through December 31, 2021, as is required under the grant. The SEFA for 2021 includes provider relief funds for periods 1 and 2 that were spent from April 10, 2020 through December 31, 2020 as is required under the grant.