Notes to SEFA
Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes all federal grant activity of LifeWorks NW and is presented using the accrual basis of accounting in accordance with accounting principles generally accepted in the Unites States of America. The information in the SEFA is presented in accordance with the 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). Because the SEFA presents only a selected portion of the operations of LifeWorks NW, it is not intended to, and does not, present the consolidated financial position, changes in net assets, or cash flows of LifeWorks NW. Therefore, some amounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the consolidated financial statements. Pass-through identifying numbers are presented when available. Expenditures - Expenditures reported on the SEFA are recognized following cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Indirect Cost Rate - LifeWorks NW has not elected to use the de minimis indirect cost rate allowed under the Uniform Guidance.