Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the
activity of all federal financial assistance programs for the Flint Hills Area Transportation Agency
Board (the Board). The reporting Board is defined in Note 1 of the Board’s basic financial
statements. Federal financial assistance received directly from federal agencies as well as federal
financial assistance passed through other government agencies are included on the Schedule. The accompanying Schedule is presented on a basis which is the same basis of accounting as the
financial statements. The information in the 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).
Because the Schedule presents only a selected portion of the operations of the Board, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the
Board.
De Minimis Rate Used: N
Rate Explanation: The Board did not elect to use the 10% de minimis cost rate.