Title: Note A - Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of Chicago Cook Workforce Partnership and is presented on an accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used for preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Chicago Cook Workforce Partnership has State approval to utilize the 10% de minimis indirect cost rate. For the fiscal year ended June 30, 2022, the Organization elected to use the 10% de minimis rate.
The accompanying schedule of expenditures of federal awards includes federal grant activity of Chicago Cook Workforce Partnership and is presented on an accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used for preparation of, the basic financial statements.
Title: Note B - Insurance and Non-Cash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of Chicago Cook Workforce Partnership and is presented on an accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used for preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Chicago Cook Workforce Partnership has State approval to utilize the 10% de minimis indirect cost rate. For the fiscal year ended June 30, 2022, the Organization elected to use the 10% de minimis rate.
None.
Title: Note C - Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of Chicago Cook Workforce Partnership and is presented on an accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used for preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Chicago Cook Workforce Partnership has State approval to utilize the 10% de minimis indirect cost rate. For the fiscal year ended June 30, 2022, the Organization elected to use the 10% de minimis rate.
Chicago Cook Workforce Partnership has State approval to utilize the 10% de minimis indirect cost rate. For the fiscal year ended June 30, 2022, the Organization elected to use the 10% de minimis rate.
Title: Note D - Amounts Provided to Sub-Recipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes federal grant activity of Chicago Cook Workforce Partnership and is presented on an accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used for preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Chicago Cook Workforce Partnership has State approval to utilize the 10% de minimis indirect cost rate. For the fiscal year ended June 30, 2022, the Organization elected to use the 10% de minimis rate.
Chicago Cook Workforce Partnership provided $72,716,393 to sub-recipients during the fiscal year ended June 30, 2022.