Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") is a supplementary schedule to Southwestern Oregon Workforce Investments Board’s (the "Board") financial statements and is presented for purposes of additional analysis. Because the Schedule presents only a selected portion of the activities of the Board, it does not present the financial position, changes in financial position, or the revenues and expenditures of the Board.
The reporting entity is described in Note 1. A to the Board’s financial statements. The Schedule includes all federal programs administered by the Board for the fiscal year ended June 30, 2025
This schedule is prepared on the same basis of accounting as the Board’s financial statements. The Board uses the accrual basis of accounting for financial reporting purposes.
The Board use the 10% de-minimis cost rate.
The information in the Schedule is presented in accordance with Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards 2 CFR 200 (Uniform Guidance).