Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the Clinic's federal and state grant activity under programs of the federal and state governments for the year ended June 30, 2022. The information in the 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 Clinic's operations, it is not intended to and does not present the Clinic's financial position, changes in net assets, or cash flows.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
With the exception of expenditures related to the Provider Relief Fund ("PRF"), expenditures 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. The PRF is not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF are based on the PRF period of availability, terms and conditions of the PRF program, and amounts reported in the PRF portal for the reporting period 2, due March 31, 2022. Pass-through entity identifying numbers are presented where available.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the Clinic's federal and state grant activity under programs of the federal and state governments for the year ended June 30, 2022. The information in the 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 Clinic's operations, it is not intended to and does not present the Clinic's financial position, changes in net assets, or cash flows.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Clinic does not have any subrecipients of federal or state awards.