Notes to SEFA
Title: Reconciliation to the Schedule of Expenditures of Federal Awards
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Area Community Services Employment & Training Council under programs of the federal government for the year ended June 30, 2022. The information in this 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). 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Area Community Services Employment and Training Council has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Less: State and Local Federal Award Grants Revenue ExpendituresPrimary Governmental Fund $33,467,058 ($12,100,134) $21,366,924