Title: 1. Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Northern Area Local Workforce Development Board (NALWDB), under programs of the federal government for the year ended June 30, 2024. 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 NALWDB, it is not intended to and does not present the financial position or changes in financial position of the NALWDB.
De Minimis Rate Used: N
Rate Explanation: The Northern Area Local Workforce Development Board did not use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Northern Area Local Workforce Development Board (NALWDB), under programs of the federal government for the year ended June 30, 2024. 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 NALWDB, it is not intended to and does not present the financial position or changes in financial position of the NALWDB.
Title: 2. Non-Cash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Northern Area Local Workforce Development Board (NALWDB), under programs of the federal government for the year ended June 30, 2024. 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 NALWDB, it is not intended to and does not present the financial position or changes in financial position of the NALWDB.
De Minimis Rate Used: N
Rate Explanation: The Northern Area Local Workforce Development Board did not use the 10% de minimis indirect cost rate.
The Northern Area Local Workforce Development Board did not receive any noncash assistance
Title: 3. Payments To Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Northern Area Local Workforce Development Board (NALWDB), under programs of the federal government for the year ended June 30, 2024. 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 NALWDB, it is not intended to and does not present the financial position or changes in financial position of the NALWDB.
De Minimis Rate Used: N
Rate Explanation: The Northern Area Local Workforce Development Board did not use the 10% de minimis indirect cost rate.
Federal AL Subrecipient Identifying Organization Number Grant No. Amount HELP NM - Formula Funds 17.258 Adult-DW 2020-007 A2 $ 2,464,720 17.259 Youth-2020-008 A2 908,115 17.278 Adult-DW 2020-007 A2 509,592 Total 3,882,427 HELP NM - One Stop Operator 17.258 One Stop Operator 53,948 17.259 One Stop Operator 35,928 17.278 One Stop Operator 55,756 145,632 $ 4,028,059