Notes to SEFA
Title: Insurance
Accounting Policies: Basis of Presentation. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Office of Job Training Programs Jefferson and Franklin Counties, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2022. The information in this 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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: Both
Rate Explanation: For certain grants, the Organization has elected to use the 10-percent de minimus indirect cost rates allowed under the Uniform Guidance.
The Organization did not have any federal insurance in effect during the year ended June 30, 2022.
Title: Loans/Loan Guarantees
Accounting Policies: Basis of Presentation. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Office of Job Training Programs Jefferson and Franklin Counties, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2022. The information in this 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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: Both
Rate Explanation: For certain grants, the Organization has elected to use the 10-percent de minimus indirect cost rates allowed under the Uniform Guidance.
The Organization did not have any loans or loan guarantees outstanding as of June 30, 2022.
Title: Donated Personal Protective Equipment (Unaudited)
Accounting Policies: Basis of Presentation. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Office of Job Training Programs Jefferson and Franklin Counties, Inc. (the Organization) under programs of the federal government for the year ended June 30, 2022. The information in this 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). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
De Minimis Rate Used: Both
Rate Explanation: For certain grants, the Organization has elected to use the 10-percent de minimus indirect cost rates allowed under the Uniform Guidance.
The Organization did not receive donations of personal protective equipment during the year ended June 30, 2022.