Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying schedules of expenditures of federal awards are presented on the accrual basis of accounting. This basis of accounting is described in Note 2 to the Organizations’ basic financial statements. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect the 10-percent de minimis indirect cost rate as discussed in 2 CFR 200.414.
The accompanying schedules of expenditures of federal awards includes federal award activity of Camden County Workforce Development Board (the Organization). 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 (Uniform Guidance). All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies is included on the schedule of expenditures of federal awards.
Title: RELATIONSHIP TO THE FEDERAL FINANCIAL REPORTS
Accounting Policies: The accompanying schedules of expenditures of federal awards are presented on the accrual basis of accounting. This basis of accounting is described in Note 2 to the Organizations’ basic financial statements. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect the 10-percent de minimis indirect cost rate as discussed in 2 CFR 200.414.
Amounts reported in the accompanying schedule agree with amounts reported in the related financial reports. Awards and financial assistance revenues are reported in the Organization’s basic financial statements as presented as follows:
Federal Grants: $873,023 Total Federal Grants: $873,023
Title: RELATIONSHIP TO THE FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedules of expenditures of federal awards are presented on the accrual basis of accounting. This basis of accounting is described in Note 2 to the Organizations’ basic financial statements. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect the 10-percent de minimis indirect cost rate as discussed in 2 CFR 200.414.
Amounts reported in the accompanying schedules agree with the amounts reported in the Organization’s financial statements.
Title: MAJOR PROGRAMS
Accounting Policies: The accompanying schedules of expenditures of federal awards are presented on the accrual basis of accounting. This basis of accounting is described in Note 2 to the Organizations’ basic financial statements. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect the 10-percent de minimis indirect cost rate as discussed in 2 CFR 200.414.
Major programs are identified in the Schedule of Findings and Questioned Costs section.