Title: 2. BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditure of state awards (Schedules) summarize expenditures charged to federal and state government grants and service contracts administered by Centers for Independence, Inc. and Related Corporations (Center), specifically, Milwaukee Center for Independence, Inc. (MCFI), and MCFI Home Care, LLC (Home Care). The Schedules should be read in conjunction with the Center’s consolidated financial statements. All federal grant operations of the Center are included in the scope 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 grant operations of the Center are included in the scope of the Wisconsin State Single Audit Guidelines. Compliance testing of all requirements, as described in the Uniform Guidance and Wisconsin State Single Audit Guidelines, was performed for the major programs detailed in the schedule of findings and questioned costs.
De Minimis Rate Used: Both
Rate Explanation: The Center utilized approved indirect cost rates for contracts with Milwaukee County and MAXIMUS. The Center utilized the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs for federal grants.
The accompanying Schedules include all federal and state grants to the Center that had activity during the year ended December 31, 2023. Amounts received from governmental entities under vendor relationships have been excluded from the Schedules. The Schedules have been prepared on the accrual basis of accounting.
Title: 3. ACCRUED AND DEFERRED REIMBURSEMENT
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditure of state awards (Schedules) summarize expenditures charged to federal and state government grants and service contracts administered by Centers for Independence, Inc. and Related Corporations (Center), specifically, Milwaukee Center for Independence, Inc. (MCFI), and MCFI Home Care, LLC (Home Care). The Schedules should be read in conjunction with the Center’s consolidated financial statements. All federal grant operations of the Center are included in the scope 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 grant operations of the Center are included in the scope of the Wisconsin State Single Audit Guidelines. Compliance testing of all requirements, as described in the Uniform Guidance and Wisconsin State Single Audit Guidelines, was performed for the major programs detailed in the schedule of findings and questioned costs.
De Minimis Rate Used: Both
Rate Explanation: The Center utilized approved indirect cost rates for contracts with Milwaukee County and MAXIMUS. The Center utilized the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs for federal grants.
Various reimbursement procedures are used for federal and state awards received by the Center. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year-end represent an excess of reimbursable expenditures over cash receipts to date. Deferred balances at year-end represent an excess of reimbursable expenditures over cash receipts to date. Generally, accrued or deferred balances caused by differences in the timing of cash receipts and expenditures will be reversed in the remaining grant period.
Title: 4. CONTINGENCY
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditure of state awards (Schedules) summarize expenditures charged to federal and state government grants and service contracts administered by Centers for Independence, Inc. and Related Corporations (Center), specifically, Milwaukee Center for Independence, Inc. (MCFI), and MCFI Home Care, LLC (Home Care). The Schedules should be read in conjunction with the Center’s consolidated financial statements. All federal grant operations of the Center are included in the scope 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 grant operations of the Center are included in the scope of the Wisconsin State Single Audit Guidelines. Compliance testing of all requirements, as described in the Uniform Guidance and Wisconsin State Single Audit Guidelines, was performed for the major programs detailed in the schedule of findings and questioned costs.
De Minimis Rate Used: Both
Rate Explanation: The Center utilized approved indirect cost rates for contracts with Milwaukee County and MAXIMUS. The Center utilized the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs for federal grants.
All federal and state financial assistance programs are subject to review and audit by the grantor agencies. Such audits could lead to requests for reimbursements by the grantor agencies for costs disallowed under the terms of the programs. It is the opinion of management that all costs charged against those federal and state programs are allowable under the regulations of these programs.
Title: 5. FISCAL AGENT SERVICES
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditure of state awards (Schedules) summarize expenditures charged to federal and state government grants and service contracts administered by Centers for Independence, Inc. and Related Corporations (Center), specifically, Milwaukee Center for Independence, Inc. (MCFI), and MCFI Home Care, LLC (Home Care). The Schedules should be read in conjunction with the Center’s consolidated financial statements. All federal grant operations of the Center are included in the scope 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 grant operations of the Center are included in the scope of the Wisconsin State Single Audit Guidelines. Compliance testing of all requirements, as described in the Uniform Guidance and Wisconsin State Single Audit Guidelines, was performed for the major programs detailed in the schedule of findings and questioned costs.
De Minimis Rate Used: Both
Rate Explanation: The Center utilized approved indirect cost rates for contracts with Milwaukee County and MAXIMUS. The Center utilized the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs for federal grants.
All fiscal agent services transactions are excluded from the Schedules, as the Center processes these transactions in an agent capacity.
Title: 6. NON-CASH ASSISTANCE, LOANS, AND INSURANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditure of state awards (Schedules) summarize expenditures charged to federal and state government grants and service contracts administered by Centers for Independence, Inc. and Related Corporations (Center), specifically, Milwaukee Center for Independence, Inc. (MCFI), and MCFI Home Care, LLC (Home Care). The Schedules should be read in conjunction with the Center’s consolidated financial statements. All federal grant operations of the Center are included in the scope 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 grant operations of the Center are included in the scope of the Wisconsin State Single Audit Guidelines. Compliance testing of all requirements, as described in the Uniform Guidance and Wisconsin State Single Audit Guidelines, was performed for the major programs detailed in the schedule of findings and questioned costs.
De Minimis Rate Used: Both
Rate Explanation: The Center utilized approved indirect cost rates for contracts with Milwaukee County and MAXIMUS. The Center utilized the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs for federal grants.
The Center did not receive any federal non-cash assistance, federal loans or federal insurance for the year ended December 31, 2023.
Title: 7. SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards and schedule of expenditure of state awards (Schedules) summarize expenditures charged to federal and state government grants and service contracts administered by Centers for Independence, Inc. and Related Corporations (Center), specifically, Milwaukee Center for Independence, Inc. (MCFI), and MCFI Home Care, LLC (Home Care). The Schedules should be read in conjunction with the Center’s consolidated financial statements. All federal grant operations of the Center are included in the scope 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 grant operations of the Center are included in the scope of the Wisconsin State Single Audit Guidelines. Compliance testing of all requirements, as described in the Uniform Guidance and Wisconsin State Single Audit Guidelines, was performed for the major programs detailed in the schedule of findings and questioned costs.
De Minimis Rate Used: Both
Rate Explanation: The Center utilized approved indirect cost rates for contracts with Milwaukee County and MAXIMUS. The Center utilized the 10% de minimis cost rate as covered in 2 CFR 200.414, Indirect (F&A) costs for federal grants.
The Center did not provide federal awards to subrecipients during the year ended December 31, 2023.