Notes to SEFA
The schedule of expenditures of federal awards includes the federal grant activity of Southwest Florida Workforce Development Board, Inc. d/b/a/ CareerSource Southwest Florida (the “Board”) and is presented on the accrual basis of accounting, the same basis of accounting used for grant reporting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
The Board did not elect to use the 10 percent de minimis indirect cost rate.