Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of SunsetGardens, Inc., and is presented in accordance with accounting principles generally accepted in the UnitedStates of America. The information in this schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedulemay differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
RURAL RENTAL HOUSING LOANS (10.415) - Balances outstanding at the end of the audit period were 701830.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of SunsetGardens, Inc., and is presented in accordance with accounting principles generally accepted in the UnitedStates of America. The information in this schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedulemay differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal funds are not passed through to any subrecipients.
Title: Non-Cash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of SunsetGardens, Inc., and is presented in accordance with accounting principles generally accepted in the UnitedStates of America. The information in this schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedulemay differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Sunset Gardens, Inc., did not receive any federal noncash assistance during the year ended December 31, 2022.
Title: Federal Insurance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of SunsetGardens, Inc., and is presented in accordance with accounting principles generally accepted in the UnitedStates of America. The information in this schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedulemay differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Sunset Gardens, Inc., had no federal insurance in effect for the year ended December 31, 2022.