Notes to SEFA
Title: LOAN BALANCES
Accounting Policies: SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION
The schedule of expenditures of federal awards of The Central Western Maine Workforce Initiatives d/b/a Central Western Maine Workforce Development Board is presented on the full accrual basis. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: INDIRECT COSTS
The Board has not elected to use the 10% De Minimis Cost rate for the year ended June 30, 2024.
LOAN BALANCES
There were no loan programs.
Title: PASS-THROUGH AWARDS
Accounting Policies: SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION
The schedule of expenditures of federal awards of The Central Western Maine Workforce Initiatives d/b/a Central Western Maine Workforce Development Board is presented on the full accrual basis. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: INDIRECT COSTS
The Board has not elected to use the 10% De Minimis Cost rate for the year ended June 30, 2024.
PASS-THROUGH AWARDS
The Organization has passed the following awards through to subrecipients:
Program Subrecipient Amount
WIA Adult Eastern Maine Development Corporation 595,199
WIA Youth Eastern Maine Development Corporation 426,330
WIA Dislocated Worker Eastern Maine Development Corporation 399,710
National Dislocated Worker – Opioid Eastern Maine Development Corporation 1,274
Career Dislocated Worker Eastern Maine Development Corporation 98,229
QUEST Eastern Maine Development Corporation 310,010
1,830,752
Total Passed Through 1,830,752