Notes to SEFA
Accounting Policies: THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS PRESENTS THE ACTIVITY OF ALL FEDERAL ASSISTED PROGRAMS OF VIRGINIA CAREER WORKS PIEDMONT. ALL FEDERAL AWARDS RECEIVED DIRECTLY FROM FEDERAL AGENCIES, AS WELL AS FEDERAL AWRDS PASSED THROUGH FROM OTHER GOERNEMNT AGENCIES, ARE INCLUDED ON THE SCHEDULE. THE SCHEDULE WAS PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING.
De Minimis Rate Used: Y
Rate Explanation: This is the first year that the agency has been audited, so the expenses were allocated based upon the budget.