Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the City ofOsawatomie, Kansas and is presented on the accrual basis of accounting. The information in this schedule is presentedin accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedulemay differ from amounts presented in, or used in the preparation of, the basic financial statement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.