Notes to SEFA
Basis of presentation - The accompanying schedule of expenditures of federal awards (the "Schedule"), includes the federal grant activity of Mother Lode Job Training Agency (the "Agency"), under programs ofthe federal government for the year ended June 30, 2025. Expenditures reported on the Schedule arereported on the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Basis of accounting - The expenses reported on the Schedule are presented using the modified accrual basis of accounting. Relationship to financial reports - Information included in the accompanying Schedule is in substantial agreement with the information reported in the related financial reports for major programs. Program costs - The Agency accounts for and reports on the costs of program activities covered underthe federal grant awards on an accrual basis. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where in certain types of expenditures are not allowable or are limited to reimbursement. Subrecipients - The Agency does not pass through funds to subrecipients.
The Agency has elected to use the 10-percent de minimis indirect cost rate allowed under the UniformGuidance as described in 2 CFR 200.414.