Notes to SEFA
Title: WIOA GRANTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Northwest Arkansas Economic Development District, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations ("CFR") Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented inthis schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. See Note 2 of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District has included all workforce related grants, which includes the WIOA cluster, National Emergency Grant, and Temporary Assistance for Needy Families Grant, in the WIOA category of the Schedules of Revenue, Support, and Expenses.