Notes to SEFA
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of the North East Texas Workforce Development Board DBA Workforce Solutions Northeast Texas (a nonprofit organization)(the Organization) under programs of the federal and state government for the year ended September 30, 2025. The information in this schedule is 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 (the Uniform Guidance) and the State of Texas Single Audit Circular. Because the schedule presents only a portion of the operations of the Organization, it is not intended to, and does not present the financial position, changes in net assets or cash flows of the Organization.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
A portion of the federal and state expenditures presented in these schedules was provided to subrecipients by the organization. That portion has been identified in a separate column on the schedule of expenditures of federal and state awards.
Amounts reported in the accompanying schedule may not agree with the amounts reported in the related federal financial reports filed with the grantor agencies because of accruals made in the schedule which will be included in future reports filed with those agencies.
The organization has elected not to use the 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance
Below is a reconciliation of the expenditures reported in the Statement of Federal and State awards to the total expenditures as reported in the accompanying financial statements.