Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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 and the Guidelines, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown in the Schedule represent adjustments or credits made in the normal course of business to amount reported on expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: CCN has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) includes the federal and state award activity of Curative Care Network, Inc. (CCN) under programs of the federal and state of Wisconsin governments for the year ended December 31, 2024. The information in this 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) and the State Single Audit Guidelines (Guidelines). Because the Schedule presents only a selected portion of the operations of CCN, it is not intended to and does not present the financial position, changes in net assets or cash flows of CCN.Expenditures for Milwaukee Rehabiliation Center,
Inc. and Curative New Berlin Therapies, LLC are not included to meet the requirements of the Uniform
Guidance as they do not require an audit under the Uniform Guidance.
Title: State ID Numbers
Accounting Policies: 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 and the Guidelines, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown in the Schedule represent adjustments or credits made in the normal course of business to amount reported on expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: CCN has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
CCN received state funding and one state identification number was not provided. The state amount is presented as unknown, however the funds originate with the Wisconsin Department of Transportation.