Notes to SEFA
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the Clinic's federal and state grant activity under programs of the federal and state governments for the year ended June 30, 2023. The information in the 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 Clinic's operations, it is not intended to and does not present the Clinic's financial position, changes in net assets, or cash flows.
De Minimis Rate Used: N
Rate Explanation: N/A
Expenditures 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: Indiriect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the Clinic's federal and state grant activity under programs of the federal and state governments for the year ended June 30, 2023. The information in the 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 Clinic's operations, it is not intended to and does not present the Clinic's financial position, changes in net assets, or cash flows.
De Minimis Rate Used: N
Rate Explanation: N/A
The Clinic has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the Clinic's federal and state grant activity under programs of the federal and state governments for the year ended June 30, 2023. The information in the 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 Clinic's operations, it is not intended to and does not present the Clinic's financial position, changes in net assets, or cash flows.
De Minimis Rate Used: N
Rate Explanation: N/A
The Clinic does not have any subrecipients of federal or state awards.