Notes to SEFA
Title: Local Matching Expenditures
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Wisconsin Center for Manufacturing and Productivity, Inc. under programs of the federal government for the year ended December 31, 2023. 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). Because the Schedule presents only a selected portion of the operations of the organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the organization. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the administration of the federal awards, the organization and subrecipients incurred costs which were not reimbursed by the granting agencies. The local matching expenditures incurred by the organization and subrecipients during the year ended December 31, 2023, are as follows: FederalLocal MatchingTotalProgram TitleExpendituresExpendituresExpendituresManufacturing Extension Partnership$3,894,147$4,489,383$8,383,530