Audit 330134

Title: NotestoSEFA Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of Goodwill Industries of Central East Texas, 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 and the State of Texas Single Audit Circular (TSTC) Requirements . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Relationship to Basic Financial Statements Federal programs are reported in Goodwill's financial statements. Other Notes The period of availability of federal grant funds for the purpose of liquidation of outstanding obligations made on or before the ending date of the project period may extend 30 days beyond the project period ending date, in accordance with provisions in Section H, Period of Availability of Federal Funds, Part 3, Uniform Guidance. Goodwill does not use indirect costs in the federal programs. De Minimis Rate Used: N Rate Explanation: N/A NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of Goodwill Industries of Central East Texas, 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 and the State of Texas Single Audit Circular (TSTC) Requirements . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Relationship to Basic Financial Statements Federal programs are reported in Goodwill's financial statements. Other Notes The period of availability of federal grant funds for the purpose of liquidation of outstanding obligations made on or before the ending date of the project period may extend 30 days beyond the project period ending date, in accordance with provisions in Section H, Period of Availability of Federal Funds, Part 3, Uniform Guidance. Goodwill does not use indirect costs in the federal programs.