Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: 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.Rogerson House, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowedunder the Uniform Guidance.
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 8036738.
Title: U.S. Department of Housing and Urban Development loan program
Accounting Policies: 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.Rogerson House, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowedunder the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate
Rogerson House, Inc. has received a U.S. Department of Housing and Urban Development insured loan under Section 232 of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Rogerson House, Inc. received additional funding as a result of the mortgage refinance that occurred during the year which is discussed in Note 5 in the financial statements. The balance of the loan outstanding at December 31, 2022 consists of Assistance Listing Number 14.129; Program Name- Mortgage Insurance - Nursing Homes Intermediate Care Facilities, Board and CareHomes and Assisted Living Facilities; Outstanding Balance as of December 31, 2022 - 8,036,738
Title: COVID-19 - Provider Relief Fund and ARP Assistance Listing 93.498
Accounting Policies: 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.Rogerson House, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowedunder the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate
For the HHS awards related to the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) program, HHS has indicated the amounts on the Schedule should be reported corresponding to reporting requirements of the HRSA PRF Reporting Portal. Payments from HHS for PRF are assigned to 'Payment Received Periods' (each, a Period) based upon the date each payment from the PRF was received. Each Period has a specified Period of Availability and timing of reporting requirements. Entities report into the HRSA PRF Reporting Portal after each Period's deadline to use the funds (i.e., after the end of the Period of Availability). The Schedule includes $403,816 of which $120,229 and $283,587 was received in January and December of 2021, respectively. In accordance with guidance from HHS, the amount received are presented as Period 3 and 4. Such amounts were recognized as DHHS grant revenue in the financial statements for the year ended December 31, 2021.