Notes to SEFA
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS PRESENTS THE ACTIVITY OF ALL FEDERAL AWARD PROGRAMS OF THE KERN COUNCIL OF GOVERNMENTS (COUNCIL). THE COUNCIL'S REPORTING ENTITY IS DEFINED IN NOTE 1 OF THE COUNCIL'S BASIC FINANCIAL STATEMENTS. ALL FEDERAL AWARDS RECEIVED DIRECTLY FROM FEDERAL AGENCIES AS WELL AS FEDERAL AWARDS PASSED THROUGH FROM OTHER GOVERNMENT AGENCIES ARE INCLUDED ON THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS. THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS REPORTS EXPENDITURES ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. ACCORDINGLY, EXPENDITURES REPRESENT AMOUNTS INCURRED DURING THE FISCAL YEAR WHICH MEET FEDERAL GRANT ELIGIBILITY REQUIREMENTS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.