The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
grant activity of the South Central Workforce Development Board (the Organization) under programs
of the federal government for the year ended June 30, 2025, and is presented on the accrual basis
of accounting. The information in this Schedule is presented in accordance with the requirements of
Title 2 U.S. Code of Federal Regulations (CFR), Part 200 Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts
presented in this Schedule may differ from amounts presented in, or used in, the preparation of, the
basic financial statements.
Expenditures per Schedule of Federal Awards 2,865,061
Expenditures per Statement of Activities
Program expenses 2,770,073
Administration expenses 304,779
Foundation federal grant expenses 205,829
Less: nonfederal KYAE -415,986
Less: depreciation expense -4,315
Accruals with no reimbursement request 4,681
Total per Statement of Activities 2,865,061