Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Plum Presbyterian Senior Housing, Inc. d/b/a Plum Creek Acres (the Corporation) and is prepared using the accrual basis of accounting.
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 (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed under the Uniform Guidance.
Federal award expenditures include the HUD insured loan balance of $1,448,647 as of December 31, 2024. The Corporation has an outstanding loan balance of $1,384,889 as of December 31, 2025 with continuing compliance requirements.