Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Revenue and expenditures reported in the schedules are presented in accordance with the accrual basis of accounting and are in agreement with revenues and expenditures reported in the entity’s December 31, 2024 financial statements.
De Minimis Rate Used: N
Rate Explanation: Aging and Disability Resource Center of Brown County, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedules of expenditures of federal and state awards include federal and state grant activity of Aging and Disability Resource Center of Brown County, Inc. The information in the schedules 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 issued by the Wisconsin Department of Administration.
Title: OVERSIGHT AGENCIES
Accounting Policies: Revenue and expenditures reported in the schedules are presented in accordance with the accrual basis of accounting and are in agreement with revenues and expenditures reported in the entity’s December 31, 2024 financial statements.
De Minimis Rate Used: N
Rate Explanation: Aging and Disability Resource Center of Brown County, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The federal and state oversight agencies for Aging and Disability Resource Center of Brown County, Inc. are the U.S. Department of Health and Human Services and the Wisconsin Department of Health Services, respectively.