Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federalgrant activity of Beaver County Rehabilitation Center, Inc. and Subsidiary (the Center). All federalawards expended during the year ended June 30, 2022 from federal and pass-through agencies areincluded in the Schedule. The accompanying Schedule is presented using the cash basis of accounting. The informationin the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirementsfor Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of the Center, it is not intended to and does not present the consolidated financial position,changes in net assets or cash flows of the Center.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - Balances outstanding at the end of the audit period were 3438760.