Notes to SEFA
Title: Note 2
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the de-minimis 10% indirect cost rate.
An extensive compliance tests, as required by the Uniform Guidance, was performed on the WIOA Cluster (WIOA Adult Program; WIOA Youth Activities; and WIOA Dislocated Worker Formula Grants) which represents 75% of the total expenditures reflected on the Schedule of Expenditures of Federal Awards. The 20% test for a low risk auditee was satisfied as follows: WIOA Cluster: WIOA Dislocated Worker Formula Grants 17.278 $1,875,653; WIOA Youth Activities 17.259 $617,384; WIOA Adult Program 17.258 $637,148; Temporary Assistance for Needy Families 93.558 $867,126; WIA National Dislocated Workers Grants/WIA National Emergency Grants 17.277 $87,940; Trade Adjustment Assistance 17.245 $16,508; Supplemental Nutrition Assistance Program (SNAP) 10.561 $28,037; Appalachian Regional Commission 23.001 $18,660. $4,148,456-Total Federal Expenditures. $4,148,456 X 20%=$829,691-Minimum Amount which must be tested. The WIOA Cluster (WIOA Adult Program; WIOA Youth Activities; and WIOA Dislocated Worker Formula Grants) program exceeds $829,691 and, therefore, represents the program to which the specific compliance requirements must be applied.
Title: Note 3
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The Organization did not elect to use the de-minimis 10% indirect cost rate.
The Temporary Assistance for Needy Families' deferred revenue amount includes payments received from the performance based portion of the related contracts. The Department of Human Services has not yet defined the life of these performance funds, but has restricted their use for the Temporary Assistance for Needy Families. During the current year, $58,307 was charged against the performance based portion of the Temporary Assistance for Needy Families.