Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and stategrant activity of Children’s Hospital and Health System, Inc. and Affiliates (CHHS) and is presented on the accrual basis of accounting. The schedule includes a column labeled “Provider Agency” to present the respective CHHS affiliates with grant activity. For the year ended December 31, 2023, the five affiliates that had federal and state grant activity were Children’s Hospital and Health System, Inc. (CHS), Children’s Hospital of Wisconsin, Inc. (CHW), Children’s Service Society of Wisconsin (CSSW), Children’s Medical Group (CMG). The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State Single Audit Guidelines.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The auditee has a federal indirect cost rate for CSSW of 25.00% and for CHW of 48.00%. Certain grants apply an indirect cost rate that is less than the federally approved provisional rate of 25.00% and 48.00%. This adjustment has been made to align with the specific budgetary constraints and stipulations outlined in the grant provisions. This measure ensures adherence to the fiscal guidelines provided by the funding agency.
The accompanying schedule of expenditures of federal and state awards includes the federal and stategrant activity of Children’s Hospital and Health System, Inc. and Affiliates (CHHS) and is presented on the accrual basis of accounting. The schedule includes a column labeled “Provider Agency” to present the respective CHHS affiliates with grant activity. For the year ended December 31, 2023, the five affiliates that had federal and state grant activity were Children’s Hospital and Health System, Inc. (CHS), Children’s Hospital of Wisconsin, Inc. (CHW), Children’s Service Society of Wisconsin (CSSW), Children’s Medical Group (CMG). The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State Single Audit Guidelines.
Title: INDIRECT COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and stategrant activity of Children’s Hospital and Health System, Inc. and Affiliates (CHHS) and is presented on the accrual basis of accounting. The schedule includes a column labeled “Provider Agency” to present the respective CHHS affiliates with grant activity. For the year ended December 31, 2023, the five affiliates that had federal and state grant activity were Children’s Hospital and Health System, Inc. (CHS), Children’s Hospital of Wisconsin, Inc. (CHW), Children’s Service Society of Wisconsin (CSSW), Children’s Medical Group (CMG). The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State Single Audit Guidelines.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The auditee has a federal indirect cost rate for CSSW of 25.00% and for CHW of 48.00%. Certain grants apply an indirect cost rate that is less than the federally approved provisional rate of 25.00% and 48.00%. This adjustment has been made to align with the specific budgetary constraints and stipulations outlined in the grant provisions. This measure ensures adherence to the fiscal guidelines provided by the funding agency.
The auditee did not use the de minimis cost rate. The auditee has a federal indirect cost rate for CSSW of 25.00% and for CHW of 48.00%. Certain grants apply an indirect cost rate that is less than the federally approved provisional rate of 25.00% and 48.00%. This adjustment has been made to align with the specific budgetary constraints and stipulations outlined in the grant provisions. This measure ensures adherence to the fiscal guidelines provided by the funding agency.
Title: FEDERAL INSURANCE AND NON CASH ASSISTANCE
Accounting Policies: The accompanying schedule of expenditures of federal and state awards includes the federal and stategrant activity of Children’s Hospital and Health System, Inc. and Affiliates (CHHS) and is presented on the accrual basis of accounting. The schedule includes a column labeled “Provider Agency” to present the respective CHHS affiliates with grant activity. For the year ended December 31, 2023, the five affiliates that had federal and state grant activity were Children’s Hospital and Health System, Inc. (CHS), Children’s Hospital of Wisconsin, Inc. (CHW), Children’s Service Society of Wisconsin (CSSW), Children’s Medical Group (CMG). The information in this schedule is presented in accordance with the requirements of Uniform Guidance and the State Single Audit Guidelines.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. The auditee has a federal indirect cost rate for CSSW of 25.00% and for CHW of 48.00%. Certain grants apply an indirect cost rate that is less than the federally approved provisional rate of 25.00% and 48.00%. This adjustment has been made to align with the specific budgetary constraints and stipulations outlined in the grant provisions. This measure ensures adherence to the fiscal guidelines provided by the funding agency.
There are no noncash awards or federal insurance awarded.