Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of COA Senior Housing, Inc. and is presented on the accrual basis of accounting. The information in this 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). Because the Schedule presents only a selected portion of the operations of COA Senior Housing, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of COA Senior Housing, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. COA Senior Housing, Inc. has elected not to use the 15-percent de minimis indirect cost rate allowed under Uniform Guidance.
The Section 202 Capital Advance represents the outstanding Capital Advance balance as of the balance sheet date. The Capital Advance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. COA Senior Housing, Inc. received no additional loans or advances during the year. The Capital Advance at year end consists of: Assistance Listing No. – 14.157, Program Name – Section 202 Capital Advance, Outstanding Balance at December 31, 2025 - $2,243,000.