Notes to SEFA
Title: Basis of Presentation
Accounting Policies: No funds were identified as having been provided to subrecipients by the Organization and accordingly, no funds identified in the schedule of expenditures of federal and state awards are attributable to subrecipient entities. There were no federal or state awards expended for noncash assistance or insurance. The Organization elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance for the Provider Relief Funds.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance for the Provider Relief Funds.
The accompanying schedule of expenditures of federal awards includes the federal and state grant activity of ThedaCare, Inc. and Affiliates (the Organization) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the applicable 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 Wisconsin Department of Health Services Audit Guide. Because the schedule of expenditures of federal and state awards 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 position, or cash flows of the Organization.
Title: Reconcilation of SEFA and Financial Statements
Accounting Policies: No funds were identified as having been provided to subrecipients by the Organization and accordingly, no funds identified in the schedule of expenditures of federal and state awards are attributable to subrecipient entities. There were no federal or state awards expended for noncash assistance or insurance. The Organization elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance for the Provider Relief Funds.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance for the Provider Relief Funds.
The financial statements reflect revenue recognized from the Provider Relief Fund of approximately $271,000 and $30,747,000 for the years ended December 31, 2023 and 2022. The SEFA includes Provider Relief Funds and American Rescue Plan Rural Distributions of $4,787,786 that were received in Period 6 in accordance with the requirements of the compliance supplement for assistance listing number 93.498.
Title: Vendor Contracts
Accounting Policies: No funds were identified as having been provided to subrecipients by the Organization and accordingly, no funds identified in the schedule of expenditures of federal and state awards are attributable to subrecipient entities. There were no federal or state awards expended for noncash assistance or insurance. The Organization elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance for the Provider Relief Funds.
De Minimis Rate Used: Y
Rate Explanation: The Organization elected to use the 10% de minimis indirect cost rate allowable under the Uniform Guidance for the Provider Relief Funds.
The Organization has the following contract with government funding sources that is a vendor relationship not included in the Schedule of Expenditures of Federal and State Awards: Birth-to-Three Initiative $247,962.