Notes to SEFA
Title: PROGRAM CLUSTERS
Accounting Policies: Expenditures reported on the accompanying schedule are presented on the accrual basis of accounting. Such expenditures are recognized following the costs principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: USWIB HAS NOT ELECTED TO USE THE 10% DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
The following programs in the accompanying schedule are considered to be a cluster of programs in accordance with the requirements of the Uniform Guidance. The Workforce Innovation and Opportunity Act (“WIOA”) program cluster includes the WIOA Adult Program Assistance Listing Number (ALN) 17.258, the WIOA Youth Activities ALN 17.259, And WIOA Dislocated Worker Formula Grant ALN 17.278.
Title: RELATIONSHIP TO THE FINANCIAL STATEMENTS
Accounting Policies: Expenditures reported on the accompanying schedule are presented on the accrual basis of accounting. Such expenditures are recognized following the costs principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: USWIB HAS NOT ELECTED TO USE THE 10% DE MINIMIS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The schedule presents only a selected portion of the operations of USWIB and is not intended to and does not present the financial position, change in net assets or cash flows of USWIB.