Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activityof Worksystems, Inc. and is presented on the accrual basis of accounting following the costprinciples contained in the Uniform Guidance or other requirements of Federal agencies such asthe Department of the Treasury.
De Minimis Rate Used: N
Rate Explanation: Worksystems, Inc. has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
Basis of Accounting
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activityof Worksystems, Inc. and is presented on the accrual basis of accounting following the costprinciples contained in the Uniform Guidance or other requirements of Federal agencies such asthe Department of the Treasury.
De Minimis Rate Used: N
Rate Explanation: Worksystems, Inc. has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Worksystems, Inc. and is presented on the accrual basis of accounting following the cost principles contained in the Uniform Guidance or other requirements of Federal agencies such as the Department of the Treasury.
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activityof Worksystems, Inc. and is presented on the accrual basis of accounting following the costprinciples contained in the Uniform Guidance or other requirements of Federal agencies such asthe Department of the Treasury.
De Minimis Rate Used: N
Rate Explanation: Worksystems, Inc. has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
The information in this schedule is presented in accordance with requirements of the Title 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: SAM.gov Assistance Listings
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activityof Worksystems, Inc. and is presented on the accrual basis of accounting following the costprinciples contained in the Uniform Guidance or other requirements of Federal agencies such asthe Department of the Treasury.
De Minimis Rate Used: N
Rate Explanation: Worksystems, Inc. has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
Federal award program titles are reported as presented in SAM.gov Assistance Listings (AL). Federal Award program titles not presented in SAM.gov are identified by Federal Agency number followed by (.xxx).
Title: Major and Nonmajor Federal Financial Assistance Programs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activityof Worksystems, Inc. and is presented on the accrual basis of accounting following the costprinciples contained in the Uniform Guidance or other requirements of Federal agencies such asthe Department of the Treasury.
De Minimis Rate Used: N
Rate Explanation: Worksystems, Inc. has not used the 10% de minimis indirect cost rate under the Uniform Guidance.
Federal financial assistance programs with identical assistance (AL) numbers are combined in determining whether the programs are major or nonmajor. Type A federal assistance programs are those with combined expenditures of $750,000 or more during a fiscal year. Type B federal financial assistance programs are those with combined expenditures of less than $750,000 during a fiscal year.