Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards represents all federal programs of CAAGKC. It includes all federal awards passed through the state of Missouri, Jackson County, Missouri, Clay County, Missouri as well as direct funding received from the US Federal Emergency Management Agency. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note 1 to CAAGKCs basic financial statements. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.