Title: NOTE 3 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Workforce Solutions Greater Dallas (the Organization) under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. The Organizations accounting policies and procedures are defined in Note 1 to the financial statements. Primarily, all federal awards are passed through from other government agencies and have been included in the Schedule.
De Minimis Rate Used: N
Rate Explanation: NOTE 2 - BASIS OF ACCOUNTING AND COST PRINCIPALS BEING FOLLOWED Revenues are recorded when earned. Such funds are generally considered to be earned to the extent of expenditures made in accordance with provisions of the grant agreements. Funds received but not earned are recorded as deferred revenues until earned, and expenses made for costs not yet reimbursed are recorded as grants receivable. Expenditures reported on the Schedule are reported 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Organization has elected not to use the 10-percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Grant expenditure reports as of December 31, 2022, which have been submitted to grantor agencies, will, in some cases, differ from amounts disclosed herein. The annual report was prepared at a later date and often reflects refined estimates of the year-end accruals. The reports will agree at termination of the grant as the discrepancies noted are timing differences.
Title: NOTE 4 - RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Workforce Solutions Greater Dallas (the Organization) under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. The Organizations accounting policies and procedures are defined in Note 1 to the financial statements. Primarily, all federal awards are passed through from other government agencies and have been included in the Schedule.
De Minimis Rate Used: N
Rate Explanation: NOTE 2 - BASIS OF ACCOUNTING AND COST PRINCIPALS BEING FOLLOWED Revenues are recorded when earned. Such funds are generally considered to be earned to the extent of expenditures made in accordance with provisions of the grant agreements. Funds received but not earned are recorded as deferred revenues until earned, and expenses made for costs not yet reimbursed are recorded as grants receivable. Expenditures reported on the Schedule are reported 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Organization has elected not to use the 10-percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Federal award revenue from grants and contracts is reconciled to the Organizations financial statements as follows: (See Financial Statement for table)
Title: NOTE 5 - SUBRECIPIENTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Workforce Solutions Greater Dallas (the Organization) under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. The Organizations accounting policies and procedures are defined in Note 1 to the financial statements. Primarily, all federal awards are passed through from other government agencies and have been included in the Schedule.
De Minimis Rate Used: N
Rate Explanation: NOTE 2 - BASIS OF ACCOUNTING AND COST PRINCIPALS BEING FOLLOWED Revenues are recorded when earned. Such funds are generally considered to be earned to the extent of expenditures made in accordance with provisions of the grant agreements. Funds received but not earned are recorded as deferred revenues until earned, and expenses made for costs not yet reimbursed are recorded as grants receivable. Expenditures reported on the Schedule are reported 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The Organization has elected not to use the 10-percent de minimus indirect cost rate as allowed under the Uniform Guidance.
Of the federal expenditures presented in the Schedule, the Organization provided federal awards to subrecipients totaling $157,793,050.Federal awards to subrecipients by program: (See financial Statement for Table)