Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Jobs for Maines Graduates, Inc. All federal awards received directly from federal agencies as well as federal awards passed through other governmental agencies are included on the schedule. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedule presents only a selected portion of the operations of Jobs for Maine's Graduates, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Jobs for Maine's Graduates, Inc.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.