Notes to SEFA
The schedule of expenditures of federal and state awards presents expenditures for all federal and state assistance awards that were in effect for the year ended September 30, 2025 for Coastal Bend Workforce Development Board. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance and State of Texas Single Audit Circular.
Expenditures are reported on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as further described in the notes to financial statements. Coastal Bend Workforce Development Board elected not to use the 10 percent de minimus indirect cost rate.
Total expenses per statement of activities and change in net assets equals $47,205,747, total expenses per schedule of awards equals $41,162,117 for a difference of $6,043,630. Non-federal and state expenses are as follows: state $5,320,789, non-federal $696,024 and program income/realted expenses $26,817 for a total of $6,043,630.