Notes to SEFA
Title: Subrecipients, Insurance, and Loans
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Kankakee County Community Services, Inc. (Agency) and is presented on the accrual basis of accounting. 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 financial 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 Agency did not provide any federal awards to subrecipients. The Agency did not have any federal insurance in effect during the year and did not have any federal loans or loan guarantees outstanding at year-end.