Notes to SEFA
Title: Note A - General
Accounting Policies: The accompanying Schedule is presented on the accrual basis of accounting. The information in the
Schedule 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) and the State of Wisconsin State Single Audit Guidelines (SSAG). Therefore,
some amounts presented in the Schedule may differ from amounts presented in or used in the preparation
of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Group Health Cooperative does not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs.
The accompanying Schedule of Expenditures of Federal and State Awards (the “Schedule”) presents the
activity of all applicable federal and state awards of Group Health Cooperative of South Central Wisconsin
(GHC-SCW).
Title: NOTE B - BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule is presented on the accrual basis of accounting. The information in the
Schedule 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) and the State of Wisconsin State Single Audit Guidelines (SSAG). Therefore,
some amounts presented in the Schedule may differ from amounts presented in or used in the preparation
of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Group Health Cooperative does not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs.
The accompanying Schedule is presented on the accrual basis of accounting. The information in the
Schedule 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) and the State of Wisconsin State Single Audit Guidelines (SSAG). Therefore,
some amounts presented in the Schedule may differ from amounts presented in or used in the preparation
of the basic financial statements.
Title: NOTE C - NON-CASH ASSISTANCE
Accounting Policies: The accompanying Schedule is presented on the accrual basis of accounting. The information in the
Schedule 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) and the State of Wisconsin State Single Audit Guidelines (SSAG). Therefore,
some amounts presented in the Schedule may differ from amounts presented in or used in the preparation
of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Group Health Cooperative does not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs.
GHC-SCW has not received any non-cash assistance, such as commodities, food stamps, or surplus
property, insurance provided by a federal or state agency, or federal or state loans and/or loan guarantees.
Title: NOTE D - INDIRECT COSTS
Accounting Policies: The accompanying Schedule is presented on the accrual basis of accounting. The information in the
Schedule 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) and the State of Wisconsin State Single Audit Guidelines (SSAG). Therefore,
some amounts presented in the Schedule may differ from amounts presented in or used in the preparation
of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Group Health Cooperative does not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs.
GHC-SCW has not elected to use the 10% de minimis indirect cost rate.