Notes to SEFA
Accounting Policies: NOTE A - GENERAL, The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal programsof Center for Workforce Inclusion, Inc. (CWI). NOTE B - BASIS OF ACCOUNTING, The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting and the cost accounting principles contained in the U.S. Office of Management and Budget (OMB) Uniform Guidance, Subpart E - Cost Principles. Under those cost principles, certain types of expenses are not allowable or are limited as to reimbursement. CWI did not use the 10% allocation of indirect costs. - Reference page 22
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.