Notes to SEFA
Title: Surplus Military Property
Accounting Policies: The accompanying schedule of expenditures of federal awards does not include the federal grant activity of the Board of Education or Greeneville Water and Light Commission as separately issued audit reports are prepared for these entities. Because the schedule presents only a selected portion of the operations of the Town of Greeneville, it is not intended to and does not present the financial position, changes in net position, or cash flows (as applicable) of the Town.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Non-monetary assistance is reported in the schedule of federal awards at the estimated fair market value of property received and used.