Notes to SEFA
Accounting Policies: The Schedule of Expenditures of Federal and State Awards includes the expenditures of federal awards ofWorkforce Development Corporation Southeast Los Angeles County, Inc. The federal information in thisschedule is presented in accordance with the requirements of the Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards, 2 CFR Part 200, Subpart F. Thus, some amountspresented in this schedule may differ from amounts presented, or used in the preparation of the financialstatements, For the purposes of this schedule, awards include both financial assistance received directlyfrom the state agency, as well as funds received indirectly from a nonstate agency or other organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.