Notes to SEFA
Title: (1) Basis of presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available. Workforce Solutions Alamo elected not to use the 10 percent de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Workforce Solutions Alamo elected not to use the 10 percent de minimis indirect cost rate.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes federal and state grant activity of the Corporation under programs of the federal and
state government for the year ended September 30, 2024. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance and State of Texas
Single Audit Circular. Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to and does not present the financial position,
changes in net assets, or cash flows of the Corporation.
Federal and state grant funds are considered to be earned to the extent of expenditures were made under the provisions of the grant and, accordingly, when such funds are received, they are recorded as deferred revenue until earned.
Title: (2) Summary of significant accounting policies
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available. Workforce Solutions Alamo elected not to use the 10 percent de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Workforce Solutions Alamo elected not to use the 10 percent de minimis indirect cost rate.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the State of Texas Single Audit Circular, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available. Workforce Solutions Alamo elected not to use the 10 percent de minimis indirect cost rate.