Title: Loan/loan guarantee outstanding balances
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, with the exceptionof expenditures associated with the HHS Provider Relief Fund and American Rescue Plan (ARP) RuralDistribution. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. For theawards related to the Provider Relief Fund (PRF) and American Rescue Plan Rural Distribution program,the HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirementsof the Health Resources and Services Administration (HRSA) PRF Reporting Portal. Payments from theHHS for PRF are assigned to Payment Received Periods (each, a Period) based upon the date eachpayment from the PRF was received. Each Period has a specified Period of Availability and timing ofreporting requirements. Entities report into the HRSA PRF Reporting Portal after each Periods deadlineto use the funds (i.e., after the end of the Period of Availability).
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 5367629.
Title: Loan Outstanding
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, with the exceptionof expenditures associated with the HHS Provider Relief Fund and American Rescue Plan (ARP) RuralDistribution. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. For theawards related to the Provider Relief Fund (PRF) and American Rescue Plan Rural Distribution program,the HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirementsof the Health Resources and Services Administration (HRSA) PRF Reporting Portal. Payments from theHHS for PRF are assigned to Payment Received Periods (each, a Period) based upon the date eachpayment from the PRF was received. Each Period has a specified Period of Availability and timing ofreporting requirements. Entities report into the HRSA PRF Reporting Portal after each Periods deadlineto use the funds (i.e., after the end of the Period of Availability).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
LGARPa, Corp. d/b/a LGAR Health and Rehabilitation Center, FHA Project No. 033-43136, has a loan balance outstanding. This loan program is included in the federal expenditures presented in the Schedule. The amount of federal expenditures represents the outstanding principal balance as of January 1, 2022.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, with the exceptionof expenditures associated with the HHS Provider Relief Fund and American Rescue Plan (ARP) RuralDistribution. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. For theawards related to the Provider Relief Fund (PRF) and American Rescue Plan Rural Distribution program,the HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirementsof the Health Resources and Services Administration (HRSA) PRF Reporting Portal. Payments from theHHS for PRF are assigned to Payment Received Periods (each, a Period) based upon the date eachpayment from the PRF was received. Each Period has a specified Period of Availability and timing ofreporting requirements. Entities report into the HRSA PRF Reporting Portal after each Periods deadlineto use the funds (i.e., after the end of the Period of Availability).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of LGARPa, Corp. d/b/a LGAR Health and Rehabilitation Center (Organization), FHA Project No. 033-43136, under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selectedportion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Additionally, due to the different reporting requirements of the financial statements from those of the above Schedule, some amounts presented may differ from amounts presented in, or used in, the preparation of the financial statements.
Title: Summary of Provider Relief Fund and American Rescue Plan (ARP) Rural Distri
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, with the exceptionof expenditures associated with the HHS Provider Relief Fund and American Rescue Plan (ARP) RuralDistribution. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. For theawards related to the Provider Relief Fund (PRF) and American Rescue Plan Rural Distribution program,the HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirementsof the Health Resources and Services Administration (HRSA) PRF Reporting Portal. Payments from theHHS for PRF are assigned to Payment Received Periods (each, a Period) based upon the date eachpayment from the PRF was received. Each Period has a specified Period of Availability and timing ofreporting requirements. Entities report into the HRSA PRF Reporting Portal after each Periods deadlineto use the funds (i.e., after the end of the Period of Availability).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Below is a summary when the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution awards were received and recognized as revenue by the Organization:Reporting Period: 3 Payments received: January 1, 2021 - June 30, 2021 Gross payments received included interest: $182,369 Revenue Recognized: 2022: $182,369; 2021: $0
Title: Tax Identification Number
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, with the exceptionof expenditures associated with the HHS Provider Relief Fund and American Rescue Plan (ARP) RuralDistribution. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. For theawards related to the Provider Relief Fund (PRF) and American Rescue Plan Rural Distribution program,the HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirementsof the Health Resources and Services Administration (HRSA) PRF Reporting Portal. Payments from theHHS for PRF are assigned to Payment Received Periods (each, a Period) based upon the date eachpayment from the PRF was received. Each Period has a specified Period of Availability and timing ofreporting requirements. Entities report into the HRSA PRF Reporting Portal after each Periods deadlineto use the funds (i.e., after the end of the Period of Availability).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization operates as a non-profit skilled nursing facility under the following tax identification number: 25-1735895.