Title: NOTE 1 - GENERAL
Accounting Policies: The accompanying schedule of expenditures of federal and state awards presents activity of all federal and state financial assistance programs of the Workforce Solutions Southeast Texas. All federal awards received directly from federal agencies and state and federal awards passed through state agencies are included on the schedule.The accompanying Schedule of Expenditures of Federal and State Financial Awards is presented using the modified accrual basis of accounting.
The information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirement, 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 general-purpose financial statements.
Workforce Solutions Southeast Texas has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Code. These federal and state programs are subject to financial and compliance audits by grantor agencies, which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect the Workforce Solutions Southeast Texas’ continued participation in specific programs. The amount of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the Workforce Solutions Southeast Texas expects such amounts, if any, to be immaterial.
De Minimis Rate Used: N
Rate Explanation: Workforce Solutions Southeast Texas has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Code.
The accompanying schedule of expenditures of federal and state awards presents activity of all federal and state financial assistance programs of the Workforce Solutions Southeast Texas. All federal awards received directly from federal agencies and state and federal awards passed through state agencies are included on the schedule.
Title: NOTE 2 - BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal and state awards presents activity of all federal and state financial assistance programs of the Workforce Solutions Southeast Texas. All federal awards received directly from federal agencies and state and federal awards passed through state agencies are included on the schedule.The accompanying Schedule of Expenditures of Federal and State Financial Awards is presented using the modified accrual basis of accounting.
The information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirement, 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 general-purpose financial statements.
Workforce Solutions Southeast Texas has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Code. These federal and state programs are subject to financial and compliance audits by grantor agencies, which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect the Workforce Solutions Southeast Texas’ continued participation in specific programs. The amount of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the Workforce Solutions Southeast Texas expects such amounts, if any, to be immaterial.
De Minimis Rate Used: N
Rate Explanation: Workforce Solutions Southeast Texas has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Code.
The accompanying Schedule of Expenditures of Federal and State Financial Awards is presented using the modified accrual basis of accounting The information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirement, 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 general-purpose financial statements. Workforce Solutions Southeast Texas has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Code.
Title: NOTE 3 - CONTINGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal and state awards presents activity of all federal and state financial assistance programs of the Workforce Solutions Southeast Texas. All federal awards received directly from federal agencies and state and federal awards passed through state agencies are included on the schedule.The accompanying Schedule of Expenditures of Federal and State Financial Awards is presented using the modified accrual basis of accounting.
The information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirement, 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 general-purpose financial statements.
Workforce Solutions Southeast Texas has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Code. These federal and state programs are subject to financial and compliance audits by grantor agencies, which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect the Workforce Solutions Southeast Texas’ continued participation in specific programs. The amount of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the Workforce Solutions Southeast Texas expects such amounts, if any, to be immaterial.
De Minimis Rate Used: N
Rate Explanation: Workforce Solutions Southeast Texas has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Code.
These federal and state programs are subject to financial and compliance audits by grantor agencies, which, if instances of material noncompliance are found, may result in disallowed expenditures, and affect the Workforce Solutions Southeast Texas’ continued participation in specific programs. The amount of expenditures which may be disallowed by the grantor agencies cannot be determined at this time, although the Workforce Solutions Southeast Texas expects such amounts, if any, to be immaterial.