Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state award activity of the Deep East Texas Local Workforce Development Board, Inc. (Corporation) under programs of the federal and state governments for the year ended September 30, 2025. The information in the 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) and the Texas Grant Management Standards (TxGMS) issued by the Texas Comptroller of Public Accounts. Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to and does not present the financial position or changes in net assets, or cash flows, of the Corporation. Therefore, some amounts may differ from amounts presented in or used in the preparation of the financial statements. The Corporation’s reporting entity is defined in the notes to the financial statements. Federal and state awards received directly from federal and state agencies, as well as federal and state awards passed through other governmental agencies, are included on the Schedule.
State awards are subject to TxGMS requirements. Such guidelines are consistent with those required under the Uniform Guidance and Government Auditing Standards, issued by the Comptroller General of the United States.
Amounts reported in the Schedule may not agree with the amount reported in the related financial reports filed with grantor agencies because of program year ends and accruals made in the Schedule that will be reflected in future reports filed with the agencies.
See the Notes to the SEFSA for chart/table