Title: Note 3. Subrecipients
Accounting Policies: Note 1. Nature of Operations and Basis of Presentation
Florida Living Options, Inc. and Subsidiaries is a nonprofit organization that individually, and through its sole-member subsidiaries, operated a variety of long-term care, assisted living, retirement housing and related support services to qualifying Florida residents. Operations ceased in August 2021. The sole-member subsidiaries are FLO #1, LLC, FLO #2, LLC, FLO #3, LLC, FLO #4, LLC, FLO #5, LLC, FLO #6, LLC and FLO #7, LLC, which are all Florida Limited Liability Companies pursuant to the Florida Limited Liability Act. Florida Living Options, Inc. and its sole member subsidiaries will be hereafter referred to as the Organization. The Organization received federal funds from the U.S. Department of Health and Human Services (HHS) through a federal program established by legislation issued in response to the COVID-19 pandemic.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity for the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution of Florida Living Options, Inc. and Subsidiaries for the year ended June 30, 2023.
Note 2. Summary of Significant Accounting Policies
The accompanying Schedule is prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Expenditures, including lost revenues attributable to coronavirus and COVID-19, 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
None of the Organization’s federal awards expenditures were provided to subrecipients during the year ended June 30, 2023.
Title: Note 4. Noncash Assistance, Insurance and Loan Guarantees
Accounting Policies: Note 1. Nature of Operations and Basis of Presentation
Florida Living Options, Inc. and Subsidiaries is a nonprofit organization that individually, and through its sole-member subsidiaries, operated a variety of long-term care, assisted living, retirement housing and related support services to qualifying Florida residents. Operations ceased in August 2021. The sole-member subsidiaries are FLO #1, LLC, FLO #2, LLC, FLO #3, LLC, FLO #4, LLC, FLO #5, LLC, FLO #6, LLC and FLO #7, LLC, which are all Florida Limited Liability Companies pursuant to the Florida Limited Liability Act. Florida Living Options, Inc. and its sole member subsidiaries will be hereafter referred to as the Organization. The Organization received federal funds from the U.S. Department of Health and Human Services (HHS) through a federal program established by legislation issued in response to the COVID-19 pandemic.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity for the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution of Florida Living Options, Inc. and Subsidiaries for the year ended June 30, 2023.
Note 2. Summary of Significant Accounting Policies
The accompanying Schedule is prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Expenditures, including lost revenues attributable to coronavirus and COVID-19, 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization did not receive any noncash awards for surplus property, interest rate subsidies, insurance awards, or other noncash awards during the fiscal year ended June 30, 2023.
Title: Note 5. Indirect Cost Rate
Accounting Policies: Note 1. Nature of Operations and Basis of Presentation
Florida Living Options, Inc. and Subsidiaries is a nonprofit organization that individually, and through its sole-member subsidiaries, operated a variety of long-term care, assisted living, retirement housing and related support services to qualifying Florida residents. Operations ceased in August 2021. The sole-member subsidiaries are FLO #1, LLC, FLO #2, LLC, FLO #3, LLC, FLO #4, LLC, FLO #5, LLC, FLO #6, LLC and FLO #7, LLC, which are all Florida Limited Liability Companies pursuant to the Florida Limited Liability Act. Florida Living Options, Inc. and its sole member subsidiaries will be hereafter referred to as the Organization. The Organization received federal funds from the U.S. Department of Health and Human Services (HHS) through a federal program established by legislation issued in response to the COVID-19 pandemic.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity for the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution of Florida Living Options, Inc. and Subsidiaries for the year ended June 30, 2023.
Note 2. Summary of Significant Accounting Policies
The accompanying Schedule is prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Expenditures, including lost revenues attributable to coronavirus and COVID-19, 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization has not elected to use the 10% di minimis indirect costs rate allowed under the Uniform Guidance.
Title: Note 6. Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution – Assistance Listing Number 93.498
Accounting Policies: Note 1. Nature of Operations and Basis of Presentation
Florida Living Options, Inc. and Subsidiaries is a nonprofit organization that individually, and through its sole-member subsidiaries, operated a variety of long-term care, assisted living, retirement housing and related support services to qualifying Florida residents. Operations ceased in August 2021. The sole-member subsidiaries are FLO #1, LLC, FLO #2, LLC, FLO #3, LLC, FLO #4, LLC, FLO #5, LLC, FLO #6, LLC and FLO #7, LLC, which are all Florida Limited Liability Companies pursuant to the Florida Limited Liability Act. Florida Living Options, Inc. and its sole member subsidiaries will be hereafter referred to as the Organization. The Organization received federal funds from the U.S. Department of Health and Human Services (HHS) through a federal program established by legislation issued in response to the COVID-19 pandemic.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity for the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution of Florida Living Options, Inc. and Subsidiaries for the year ended June 30, 2023.
Note 2. Summary of Significant Accounting Policies
The accompanying Schedule is prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Expenditures, including lost revenues attributable to coronavirus and COVID-19, 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
For the federal awards related to the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (ALN 93.498) program, the HHS has indicated the amounts on the Schedule be reported corresponding to reporting requirements of the HRSA Provider Relief Fund 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 accompanying schedule of expenditures of federal awards includes $1,559,557 of Period 4 distributions received from HHS between July 1, 2021, through December 31, 2021, and reported by the Organization in the HRSA PRF Reporting Portal as used during the corresponding Period of Availability in accordance with guidance from HHS. This amount was recognized as other operating revenue in the Organization’s financial statements for the year ended June 30, 2022.
Title: Note 7. Subsequent Events
Accounting Policies: Note 1. Nature of Operations and Basis of Presentation
Florida Living Options, Inc. and Subsidiaries is a nonprofit organization that individually, and through its sole-member subsidiaries, operated a variety of long-term care, assisted living, retirement housing and related support services to qualifying Florida residents. Operations ceased in August 2021. The sole-member subsidiaries are FLO #1, LLC, FLO #2, LLC, FLO #3, LLC, FLO #4, LLC, FLO #5, LLC, FLO #6, LLC and FLO #7, LLC, which are all Florida Limited Liability Companies pursuant to the Florida Limited Liability Act. Florida Living Options, Inc. and its sole member subsidiaries will be hereafter referred to as the Organization. The Organization received federal funds from the U.S. Department of Health and Human Services (HHS) through a federal program established by legislation issued in response to the COVID-19 pandemic.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity for the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution of Florida Living Options, Inc. and Subsidiaries for the year ended June 30, 2023.
Note 2. Summary of Significant Accounting Policies
The accompanying Schedule is prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Expenditures, including lost revenues attributable to coronavirus and COVID-19, 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
In preparing the Schedule, management has evaluated subsequent events and transactions through xx/xx/xx, the date the Schedule was available to be issued.