Notes to SEFA
Title: Note 1
Accounting Policies: SEE NEXT TAB NOTE 2
De Minimis Rate Used: N
Rate Explanation: SEE NEXT TAB
Grantor Agency Abbreviations
USDL United States Department of Labor
TDLWD Tennessee Department of Labor and Workforce Development
Title: Note 2
Accounting Policies: SEE NEXT TAB NOTE 2
De Minimis Rate Used: N
Rate Explanation: SEE NEXT TAB
Significant Accounting Policies used in Preparing the Schedule
Title: Note 2-A
Accounting Policies: SEE NEXT TAB NOTE 2
De Minimis Rate Used: N
Rate Explanation: SEE NEXT TAB
Basis of Accounting: NMTWB utilized the accrual basis of accounting in preparing the schedule.
Title: Note 2-B
Accounting Policies: SEE NEXT TAB NOTE 2
De Minimis Rate Used: N
Rate Explanation: SEE NEXT TAB
Property and Equipment: Expenditures for property and equipment are expensed in the schedule,
where applicable.
Title: Note 2-C
Accounting Policies: SEE NEXT TAB NOTE 2
De Minimis Rate Used: N
Rate Explanation: SEE NEXT TAB
Indirect Cost Rate: NMTWB has not elected to use the 10% de minimis indirect cost rate allowed
under the Uniform Guidance.
Title: Note 2-D
Accounting Policies: SEE NEXT TAB NOTE 2
De Minimis Rate Used: N
Rate Explanation: SEE NEXT TAB
Allocation of Administrative: Administrative expenses were allocated among programs, on a monthly
basis, based on each program's non-administrative expenditures. Training expenses (indirect program
costs) are allocated based on monthly clients served by each program.
Title: Note 3
Accounting Policies: SEE NEXT TAB NOTE 2
De Minimis Rate Used: N
Rate Explanation: SEE NEXT TAB
Additional Information
There was no non-cash federal assistance expended during the year. There were no federal insurance or loans
or loan guarantees during the audit period.