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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where applicable.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Superior Health Quality Alliance, Inc. (the Organization) under a program of the Federal government for the year ended December 31, 2022. The information in this schedule is presented in accordance with the 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). Because the schedule 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 assets or cash flows of the Organization.
Title: Subrecipients
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where applicable.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization had seven subrecipients for federal awards in 2022. Some grants received by the Organization include performance metrics that allow revenue to be recognized before all services provided by subrecipients are completed and paid. As a result, subrecipient payments can be larger than grant activity recognized by the Organization in certain years. A reconciliation of this timing difference is reflected below. The following costs were expensed during the year ended December 31, 2022:iMPROve, Inc. $2,306,260Wisconsin Hospital Association, Inc. 424,359Midwest Kidney Network 1,093,514Stratis Health 2,220,981Minnesota Hospital Association 449,498Michigan Health & Hospital Association Health Foundation 631,068MetaStar, Inc. 2,233,093Subtotal 9,358,773Subrecipient Amounts in Excess of Federal Expenditures (76,474)Total Subrecipient Expenses per Schedule of Expenditures of Federal Awards $9,282,299
Title: Federal Assistance Listing Number
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where applicable.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization received federal funding that did not provide the federal assistance listing number. The federal amount is presented as 93.UNK as the funds originate with the U.S. Department of Health and Human Services.