Notes to SEFA
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state grant activity of Easter Seals Southeast Wisconsin, Inc. under programs of the federal and state governments for the year ended December 31, 2024. The information in this schedule is presented in accordance with requirements of the 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 of Wisconsin State Single Audit Guidelines. Because the schedule presents only a selected portion of the operations of Easter Seals Southeast Wisconsin, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Easter Seals Southeast Wisconsin, Inc.
De Minimis Rate Used: N
Rate Explanation: Easter Seal Southeast Wisconsin, Inc. has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
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. Pass-through entity identifying numbers are presented where available.
Title: Sub-recipients
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state grant activity of Easter Seals Southeast Wisconsin, Inc. under programs of the federal and state governments for the year ended December 31, 2024. The information in this schedule is presented in accordance with requirements of the 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 of Wisconsin State Single Audit Guidelines. Because the schedule presents only a selected portion of the operations of Easter Seals Southeast Wisconsin, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Easter Seals Southeast Wisconsin, Inc.
De Minimis Rate Used: N
Rate Explanation: Easter Seal Southeast Wisconsin, Inc. has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Easter Seals Southeast Wisconsin, Inc. does not have any sub-recipients of federal or state awards.