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 corporation did not elect to use the de-minimis 10% indirect cost rate.
Extensive compliance tests, as required by the Uniform Guidance, were performed on the Temporary Assistance for Needy Families and the Appalachian Regional Development programs, which, when combined, represent 33% 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 $1,937,296; WIOA Youth Activities 17.259 $1,496,312; WIOA Adult Program 17.258 $1,495,826; Temporary Assistance for Need Families 93.558 $2,237,706; Appalachian Regional Development 23.002 $283,451; WIOA National Dislocated Workers Grants/WIOA National Emergency Grants 17.277 $70,969; State Administrative Matching Grants for the Supplemental Nutrition Assistance Program 10.561 $23,072. Total expenditures $7,544,632 X 20% = $1,508,926-Minimum amount which must be tested. The Temporary Assistance for Needy Families and the Appalachian Regional Development programs exceed $1,508,926 and, therefore, represent the programs 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 corporation did not elect to use the de-minimis 10% indirect cost rate.
The Temporary Assistance for Needy Families' deferred revenue amounts include 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, $368 was charged against the Temporary Assistance for Needy Families from the performance based portion of the related contracts.