Title: Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wesley HavenVilla, Inc. and is presented on the accrual basis. The information in this schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in the preparation of thefinancial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures reported on the Schedule 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
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wesley HavenVilla, Inc. and is presented on the accrual basis. The information in this schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in the preparation of thefinancial statements.
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 3281524.
Title: Section 232 Insured Loan
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wesley HavenVilla, Inc. and is presented on the accrual basis. The information in this schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in the preparation of thefinancial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Wesley Haven Villa, Inc.'s Section 232 Insured Loan was determined to be a Type A Federal Financial Assistance Program based on the total amounts as of and for the year ended June 30, 2022, and was considered a major program under the criteria of Uniform Guidance. The loan balance as of June 30, 2022, was $3,281,524.
Title: Provider Relief Fund
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wesley HavenVilla, Inc. and is presented on the accrual basis. The information in this schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, someamounts presented in this schedule may differ from amounts presented in, or used in the preparation of thefinancial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year ended June 30, 2022, Wesley Haven Villa, Inc. received $108,831 from the U.S. Department of Health and Human Services Provider Relief Fund federal program period four. Funds received in period four under this Program are due to be reported in the Provider Relief Fund Reporting Portal between January 1, 2023 and March 31, 2023. Additional guidance on inclusion in the Schedule of Expenditures for Federal Awards is to be provided in the 2023 Compliance Supplement.