Notes to SEFA
Title: NOTE 3. SUBRECIPIENTS
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Chicago Federation of Labor Workforce and Community Initiative 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Chicago Federation of Labor Workforce and Community Initiative did not provide Federal Awards to subrecipients during the year ended June 30, 2022.
Title: NOTE 4. FEDERAL LOANS, FEDERAL LOAN GURANTEES, AND FEDERAL NON-CASH ASSIST
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Chicago Federation of Labor Workforce and Community Initiative 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Chicago Federation of Labor Workforce and Community Initiative did not have any federal loans or federal loan guarantees outstanding at June 30, 2022. Chicago Federation of Labor Workforce and Community Initiative did not receive any federal non-cash assistance during the year ended June 30, 2022 that should be included in the Schedule of Expenditures of Federal Awards.