Notes to SEFA
Title: NOTE A: BASIS OF PRESENTATION
Accounting Policies: NOTE B: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESA) Expenditures reported on the Schedule are reported on the accrualbasis of accounting. Such expenditures are recognized following thecost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as toreimbursement.B) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule)includes the federal award activity of Tecumseh Area Partnership, Inc. d/b/aRegion 4 Workforce Board under programs of the federal government for theyear ended June 30, 2022. The information in this Schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal RegulationsPart 200, Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of the operations of Tecumseh AreaPartnership, Inc. d/b/a Region 4 Workforce Board, it is not intended to anddoes not present the financial position, changes in net assets, or cash flows ofTecumseh Area Partnership, Inc. d/b/a Region 4 Workforce Board.