Title: NOTE 1—BASIS OF PRESENTATION
Accounting Policies: NOTE 1—BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal and state awards (the "Schedule") includes the federal and state award activity of HealthNet of Rock County, Inc., under programs of the federal government and state agencies for the year ended June 30, 2023. The information in this 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 Single Audit Guidelines. Because the Schedule presents only a selected portion of the operations of HealthNet of Rock County, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of HealthNet of Rock County, Inc. NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: 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 and Allowable Cost Policy Manual wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: HealthNet of Rock County, Inc. allocates indirect costs by time studies done for personnel costs, as this is the cost driver most relevant to indirect costs.
The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state award activity of HealthNet of Rock County, Inc. under programs of the federal government and state agencies for the year ended June 30, 2023. The information in this 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 Single Audit Guidelines. Because the Schedule presents only a selected portion of the operations of HealthNet of Rock County, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of HealthNet of Rock County, Inc.
Title: NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: NOTE 1—BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal and state awards (the "Schedule") includes the federal and state award activity of HealthNet of Rock County, Inc., under programs of the federal government and state agencies for the year ended June 30, 2023. The information in this 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 Single Audit Guidelines. Because the Schedule presents only a selected portion of the operations of HealthNet of Rock County, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of HealthNet of Rock County, Inc. NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: 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 and Allowable Cost Policy Manual wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: HealthNet of Rock County, Inc. allocates indirect costs by time studies done for personnel costs, as this is the cost driver most relevant to indirect costs.
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 and the Allowable Cost Policy Manual, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3—INDIRECT COST RATE
Accounting Policies: NOTE 1—BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal and state awards (the "Schedule") includes the federal and state award activity of HealthNet of Rock County, Inc., under programs of the federal government and state agencies for the year ended June 30, 2023. The information in this 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 Single Audit Guidelines. Because the Schedule presents only a selected portion of the operations of HealthNet of Rock County, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of HealthNet of Rock County, Inc. NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: 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 and Allowable Cost Policy Manual wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: HealthNet of Rock County, Inc. allocates indirect costs by time studies done for personnel costs, as this is the cost driver most relevant to indirect costs.
HealthNet of Rock County, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.