Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: No funds were identified as having been provided to subrecipients by the Organization and accordingly, no funds identified in the schedule of expenditures of federal awards are attributable to subrecipient entities. There were no federal awards expended for noncash assistance or insurance. The Organization has elected to use the 10% de minimis indirect contrate allowable under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate. The Organization has elected to use the 10% de minimis indirect contate allowable under the Uniform Guidance.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 7900000.
Title: Basis of Presentation
Accounting Policies: No funds were identified as having been provided to subrecipients by the Organization and accordingly, no funds identified in the schedule of expenditures of federal awards are attributable to subrecipient entities. There were no federal awards expended for noncash assistance or insurance. The Organization has elected to use the 10% de minimis indirect contrate allowable under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate. The Organization has elected to use the 10% de minimis indirect contate allowable under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Bethany Home Association of Lindsborg, Kansas (the Organization)and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the applicable 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). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Organization.
Title: Reconciliation of SEFA and Financial Statements
Accounting Policies: No funds were identified as having been provided to subrecipients by the Organization and accordingly, no funds identified in the schedule of expenditures of federal awards are attributable to subrecipient entities. There were no federal awards expended for noncash assistance or insurance. The Organization has elected to use the 10% de minimis indirect contrate allowable under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate. The Organization has elected to use the 10% de minimis indirect contate allowable under the Uniform Guidance.
The financial statements reflect revenue recognized from the Provider Relief Fund of $289,742 for the year ended December 31, 2021. The SEFA includes Provider Relief Funds of $159,570 that were received in accordance with the requirements of the compliance supplement for assistance listing number 93.498.