Title: Basis of Accounting
Accounting Policies: Expenditures reported on the schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: ARIZONA@WORK SEAZ is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, ARIZONA@WORK SEAZ did not elect to use the 10 percent de minimis indirect cost rate as allowed for in 2 CFR §200.414.
The accompanying schedule of expenditures of federal awards (schedule) includes Cochise Private Industry Council, Inc. dba ARIZONA@WORK Southeastern Arizona’s (ARIZONA@WORK SEAZ) federal grant activity for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, (Uniform Guidance) and Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported on the schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: ARIZONA@WORK SEAZ is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, ARIZONA@WORK SEAZ did not elect to use the 10 percent de minimis indirect cost rate as allowed for in 2 CFR §200.414.
ARIZONA@WORK SEAZ is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, ARIZONA@WORK SEAZ did not elect to use the 10 percent de minimis indirect cost rate as allowed for in 2 CFR §200.414.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: ARIZONA@WORK SEAZ is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, ARIZONA@WORK SEAZ did not elect to use the 10 percent de minimis indirect cost rate as allowed for in 2 CFR §200.414.
Expenditures reported on the schedule are reported on the modified 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.
Title: Federal Assistance Listing (FAL) Number
Accounting Policies: Expenditures reported on the schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: ARIZONA@WORK SEAZ is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, ARIZONA@WORK SEAZ did not elect to use the 10 percent de minimis indirect cost rate as allowed for in 2 CFR §200.414.
The program titles and FAL numbers were obtained from the federal or pass-through grantor or the 2023 Federal Assistance Listings.
Title: Subrecipients
Accounting Policies: Expenditures reported on the schedule are reported on the modified 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.
De Minimis Rate Used: N
Rate Explanation: ARIZONA@WORK SEAZ is reimbursed based on actual administrative costs incurred pursuant to the grant agreement. Accordingly, ARIZONA@WORK SEAZ did not elect to use the 10 percent de minimis indirect cost rate as allowed for in 2 CFR §200.414.
ARIZONA@WORK SEAZ passed $319,962 of federal U.S. Department of Labor, WIOA Youth Activities, monies to Center of Academic Success, Inc. (CAS), a related party, for services rendered in administering WIOA Youth Activities during the year ended June 30, 2023.