Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. WCIC has elected not to use the 10 percent de minimis indirect cost rate under Section 200.502 and the applicable cost principles used per 2 CFR 200.
De Minimis Rate Used: N
Rate Explanation: WCIC did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the District under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of WCIC’s operations, it is not intended to be and does not present the financial position, changes in net position, or cash flows of WCIC. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. WCIC has elected not to use the 10 percent de minimis indirect cost rate under Section 200.502 and the applicable cost principles used per 2 CFR 200.
De Minimis Rate Used: N
Rate Explanation: WCIC did not use the de minimis cost rate.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the WCIC’s portion, may be more than shown.
Title: NONCASH AWARDS
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. WCIC has elected not to use the 10 percent de minimis indirect cost rate under Section 200.502 and the applicable cost principles used per 2 CFR 200.
De Minimis Rate Used: N
Rate Explanation: WCIC did not use the de minimis cost rate.
No noncash awards existed in the current year.
Title: INDIRECT COSTS ALLOCATION PLAN
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. WCIC has elected not to use the 10 percent de minimis indirect cost rate under Section 200.502 and the applicable cost principles used per 2 CFR 200.
De Minimis Rate Used: N
Rate Explanation: WCIC did not use the de minimis cost rate.
The WCIC did not apply indirect costs to any federal programs.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. WCIC has elected not to use the 10 percent de minimis indirect cost rate under Section 200.502 and the applicable cost principles used per 2 CFR 200.
De Minimis Rate Used: N
Rate Explanation: WCIC did not use the de minimis cost rate.
There were no subrecipients of WCIC’s programs during the year ended June 30, 2023.