Audit 48258

Title: 4. Loans Outstanding Accounting Policies: 1. Basis of Presentation - The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of Aston Park Health Care Center, Inc. and Related Entity under the programs of the federal government for the year ended September 30, 2022. The information in the SEFA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of Aston Park Health Care Center, Inc. and Related Entity, it is not intended to and does not present the financial position, statement of operations, change in net assets, functional expenses, or cash flows of Aston Park Health Care Center, Inc. and Related Entity. 2. Summary of Significant Accounting Policies - Expenditures reported in the SEFA 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 allowed or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate. The Mortgage Insurance Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities program included in the schedule above is a loan program. The schedule above reflects the balance as of the beginning of the current fiscal year. The outstanding loan balance was $0 at September 30, 2022.