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Wisconsin Health and Educational Facilities Authority
                                                Notes to Financial Statements
                                                    June 30, 2020 and 2019


               NOTE 1   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

                          Assets,  Deferred Outflows of Resources, Liabilities, Deferred Inflows of
                          Resources, and Net Position (continued)

                              6.  Deferred inflows of resources
                                 In  addition  to liabilities, the statement of net position will sometimes report a
                                 separate  section  for  deferred inflows of resources. This separate financial
                                 statement element, deferred inflows of resources, represents an acquisition  of
                                 net position that applies to a future period and so will not be recognized as an
                                 inflow of resources (revenue) until that time. The Authority has one item  that
                                 qualifies  for reporting in this category in the statements of net position. The
                                 deferred inflow of resources relates to the Authority’s proportionate share of the
                                 Wisconsin Retirement System pension plan and is deferred and amortized over
                                 the expected remaining service lives of the pension plan participants.

                              7. Compensated absences
                                 Vacation time and sick leave benefits are earned by employees of the Authority
                                 based  on  time in service. Employees have the option to receive payment of a
                                 portion of unused vacation time or can choose to use the accumulated vacation
                                 time  in  the  future.  Employees also have the option to accumulate earned but
                                 unused sick leave. An  employee  is  eligible to receive payment of unused sick
                                 leave upon eligible retirement. In both cases, the employee’s annual salary plus
                                 any payment of accumulated leaves cannot exceed the maximum of the salary
                                 range then-applicable to that employee as established by Wisconsin Statutes.

                              8. Pensions
                                 For purposes of measuring the net pension liability (asset), deferred outflows of
                                 resources and deferred inflows of resources related  to  pensions,  and  pension
                                 expense, information about the fiduciary net position of the Wisconsin Retirement
                                 System  (WRS)  and  additions to/deductions from WRS’ fiduciary net position
                                 have been determined on the same basis as they are reported by the WRS. For
                                 this purpose, benefit payments (including refunds of employee contributions) are
                                 recognized when due and payable in accordance with  the  benefit  terms.
                                 Investments are reported at fair value.

























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