Notes to SEFA
The schedule of expenditures of federal awards and the schedule of expenditures of state awards (the Schedules) includes all grants, contracts and similar agreements, loans, and loan guarantee agreements entered into directly between Bellin Gundersen Health System, Inc. (the System) and agencies and departments of the federal government and state government, respectively, as well as awards from pass-through entities, and should be read in conjunction with the System’s consolidated financial statements. For the year ended September 30, 2025, the System had no expenditures in the form of noncash assistance, no federally or state provided insurance in effect during the year, and did not pass any federal awards through to subrecipients. The accompanying Schedules are prepared on the accrual basis of accounting. Expenditures consist of direct and indirect costs. Direct costs are those that can be easily identified with an individual federally or state sponsored project; whereas, indirect costs cannot be easily identified with an individual sponsored project. Indirect costs are the costs of services and resources that benefit many sponsored projects as well as non-sponsored projects and activities. 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 Wisconsin State Single Audit Guidelines. The System and federal agencies use an indirect cost rate to charge indirect costs to individual sponsored projects. The System applied their approved rate per the respective grant where applicable.
The Supportive Housing for the Elderly (Assistance Listing 14.157) loans are considered a federal awarduntil the outstanding balance is paid in full. The outstanding loan balances at September 30, 2024, totaling $305,125 are considered current year federal expenditures. There were no new loans made during the year ended September 30, 2025. The outstanding balance of the remaining loans at September 30, 2025 was $275,010.
Research and development programs include those awards that are for basic and applied research and development activities, including all awards issued by the National Institutes of Health. The Uniform Guidance defines research and development as follows: research is the systematic study directed toward fuller scientific knowledge or understanding of the subject studied; development is the systematic use of knowledge and understanding gained from research directed toward the production of useful materials, devices, systems, or methods, including design and development of prototypes and processes.