Notes to SEFA
Title: Programs Subject to Single Audit
Accounting Policies: Expenditures are recognized under the accrual basis of accounting. Such expenditures are reported following the cost principles contained in the Uniform Guidance and in the Wisconsin Department of Health Services (DHS) Allowable Cost Policy Manual, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: UW Health - Madison has elected to use the 10% de minimis cost rate as allowed under the Uniform Guidance.
All significant federal and state awards received by UW Health - Madison, either directly from the federal or state governments or passed through from other organizations, have been included in the schedule of expenditures of federal and state awards.
Title: Provider Relief Fund
Accounting Policies: Expenditures are recognized under the accrual basis of accounting. Such expenditures are reported following the cost principles contained in the Uniform Guidance and in the Wisconsin Department of Health Services (DHS) Allowable Cost Policy Manual, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: UW Health - Madison has elected to use the 10% de minimis cost rate as allowed under the Uniform Guidance.
Under the terms and conditions of the Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution program (PRF)(ALN 93.498), UW Health is required to report COVID-19 related expenses and lost revenue to the U.S. Department of Health and Human Services (HHS). Guidance from HHS has required the reporting of the COVID-19 related expenses and lost revenue in certain reporting periods based on when the funds were received.The June 30, 2022 Schedule includes PRF expenditures of approximately $167,000. Distributions of $167,000 were received from July 1, 2020 to June 30, 2021. UW Health recognized all of the $167,000 received as revenue in its June 30, 2021 consolidated financial statements, as the terms and conditions of the PRF grant were satisfied. HHS requires PRF amounts received between July 1, 2020 and June 30, 2021, to be reported on the June 30, 2022 Schedule rather than the June 30, 2021 Schedule. Amounts received subsequent to June 30, 2021 will be included on future schedules in accordance with HHS guidance.
Title: Basis of Presentation
Accounting Policies: Expenditures are recognized under the accrual basis of accounting. Such expenditures are reported following the cost principles contained in the Uniform Guidance and in the Wisconsin Department of Health Services (DHS) Allowable Cost Policy Manual, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: UW Health - Madison has elected to use the 10% de minimis 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 UW Health - Madison for the year ended June 30, 2022. The information in the 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 Wisconsin State Single Audit Guidelines, including the Department of Health Services Audit Guide, an Appendix to Wisconsins State Single Audit Guidelines. Because the schedule presents only a selected portion of the operations of UW Health - Madison, it is not intended to and does not present the financial position, changes in net position, or cash flows of UW Health - Madison.