Title: Community Facilities Loans
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity
of Landmann-Jungman Memorial Hospital, Inc. (the Hospital) under programs of the federal government for the
year ended June 30, 2023. The information is presented in accordance with the requirements of Title 2 U.S. Code
of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations
of the Hospital, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of the Hospital.
Expenditures reported on the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal financial assistance has
been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Hospital does not draw for indirect administrative expenses and has not elected to use the 10% de minimis
cost rate.
Expenditures reporting in this schedule consist of the beginning of the year outstanding loan balance for the
direct loans and 90% of the beginning of the year outstanding balance for the guaranteed loan. There were no
loan advances during the year ended June 30, 2023. The outstanding balances at June 30, 2023 were $731,564,
$-0- and $379,694 for the 2009 direct USDA loan, 2014 direct USDA loan and 2009 bank loan guaranteed by
USDA, respectively. The 2014 direct USDA loan was paid off during the year ended June 30, 2023.
Title: Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity
of Landmann-Jungman Memorial Hospital, Inc. (the Hospital) under programs of the federal government for the
year ended June 30, 2023. The information is presented in accordance with the requirements of Title 2 U.S. Code
of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations
of the Hospital, it is not intended to and does not present the financial position, changes in net assets, or cash
flows of the Hospital.
Expenditures reported on the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal financial assistance has
been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Hospital does not draw for indirect administrative expenses and has not elected to use the 10% de minimis
cost rate.
The Hospital received amounts from the U.S. Department of Health and Human Services (HHS) through the
Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF) program (Federal Financial
Assistance Listing #93.498) in the amount of $2,544,653, exclusive of any interest earned. The PRF expenditures
are not recognized on the schedule until the expenditures are included in the reporting to HHS as required
under the PRF program. In accordance with the 2023 compliance supplement, the PRF expenditures recognized
on the schedule are based on the reporting to HHS for Period 4, defined as payments received during July 1,
2021, to December 31, 2021, plus interest earned of $108 and Period 5, defined as payments received during
January 1, 2022 to June 30, 2022, plus interest earned of $32 as required under the PRF program. See Table in the report.