Notes to SEFA
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal, state, and other awards (the Schedule) includes the federal, state, and local grant activity of Pathfinders Milwaukee, Inc. under programs of the federal and state governments and other sources for the year ended December 31, 2022. The information in this schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State of Wisconsin State Single Audit Guidelines. Because the schedule presents only a selected portion of the operations of Pathfinders Milwaukee, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Pathfinders Milwaukee, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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. Pass-through entity identifying numbers are presented where available.
Title: Sub-Recipients
Accounting Policies: The accompanying schedule of expenditures of federal, state, and other awards (the Schedule) includes the federal, state, and local grant activity of Pathfinders Milwaukee, Inc. under programs of the federal and state governments and other sources for the year ended December 31, 2022. The information in this schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State of Wisconsin State Single Audit Guidelines. Because the schedule presents only a selected portion of the operations of Pathfinders Milwaukee, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Pathfinders Milwaukee, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Pathfinders Milwaukee, Inc. does not have any sub-recipients of federal or state awards.