Notes to SEFA
Title: Note 3: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of theCity of West Frankfort, Illinois and is presented on the modified cash basis of accounting. The informationin this schedule is presented in accordance with the requirements of the U.S. Office of Management andBudget and Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in the preparation of the basicfinancial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, the city of West Frankfort, Illinois did not provide federal awards to any subrecipients.
Title: Note 4: Non Cash Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of theCity of West Frankfort, Illinois and is presented on the modified cash basis of accounting. The informationin this schedule is presented in accordance with the requirements of the U.S. Office of Management andBudget and Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in the preparation of the basicfinancial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year ended April 30, 2022, the City of West Frankfort, Illinois did not receive any non-cash assistance.
Title: Note 5: Other Information
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of theCity of West Frankfort, Illinois and is presented on the modified cash basis of accounting. The informationin this schedule is presented in accordance with the requirements of the U.S. Office of Management andBudget and Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amountspresented in this schedule may differ from amounts presented in, or used in the preparation of the basicfinancial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The City of West Frankfort, Illinois did not have any insurance coverage paid with federal funds during the fiscal year. The City of West Frankfort, Illinois did not have any loans or loan guarantees outstanding as of April 30, 2022.