Notes to SEFA
Title: Note 3
Accounting Policies: A. Basis of Accounting: WEI utilized the accrual basis of accounting in preparing the schedule.B. Property and Equipment: Expenditures for property and equipment are expensed in the schedule.C. Indirect Cost Rate: WEI has not elected to use the 10% de minimis indirect cost rate allowed under theUniform Guidance.D. Allocation of Administrative/Training Expenses: Administrative expenses were allocated amongprograms, on a monthly basis, based on each program's non-administrative expenditures. Trainingexpenses (indirect program costs) are allocated based on monthly clients served by each program.Adult Education program Administrative expenses are tracked and charged directly to the programbased on time and effort spent for administrative services.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Grantor Agency AbbreviationsUSDOL United States Department of LaborUSHHS United States Department of Health and Human ServicesTDLWD Tennessee Department of Labor and Workforce DevelopmentTDHS Tennessee Department of Human ServicesTHEC Tennessee Higher Education CommissionUW United Way of Greater NashvilleNMTWB Northern Middle Tennessee Local Workforce Development Board, Inc.
Title: Note 4
Accounting Policies: A. Basis of Accounting: WEI utilized the accrual basis of accounting in preparing the schedule.B. Property and Equipment: Expenditures for property and equipment are expensed in the schedule.C. Indirect Cost Rate: WEI has not elected to use the 10% de minimis indirect cost rate allowed under theUniform Guidance.D. Allocation of Administrative/Training Expenses: Administrative expenses were allocated amongprograms, on a monthly basis, based on each program's non-administrative expenditures. Trainingexpenses (indirect program costs) are allocated based on monthly clients served by each program.Adult Education program Administrative expenses are tracked and charged directly to the programbased on time and effort spent for administrative services.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Additional InformationThere was no non-cash federal assistance expended during the year. There were no federal insurance or loans or loan guarantees during the audit period.