Notes to SEFA
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Goodwill Industries of Northern Illinois and Wisconsin Stateline Area, Inc. and Affiliate under programs of the federal government for the year ended December 31, 2024. The information in this schedule is presented in accordance with 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).
De Minimis Rate Used: N
Rate Explanation: Goodwill has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, whereby revenues are recognized when earned and expenses are recorded as liabilities when incurred. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Goodwill has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Pass through entity numbers are presented where available.
Title: Non-Cash Assistance, Loans and Insurance
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Goodwill Industries of Northern Illinois and Wisconsin Stateline Area, Inc. and Affiliate under programs of the federal government for the year ended December 31, 2024. The information in this schedule is presented in accordance with 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).
De Minimis Rate Used: N
Rate Explanation: Goodwill has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Goodwill Industries of Northern Illinois and Wisconsin Stateline Area, Inc. and Affiliate did not receive any federal non-cash assistance, federal loans or federal insurance for the year ended December 31, 2024.