Notes to SEFA
Title: Note 1. Basis of Presentation:
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: Eastern Kentucky Concentrated Employment Program, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal and State Awards include the Federal and State Awards includes the federal and state grant activity of Eastern kentucky Concentrated Employment Program, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. JTherefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basis financial statements.
Title: Note 2. Subreceipients:
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: Eastern Kentucky Concentrated Employment Program, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Of the federal expenditures presented in theis schedule, Eastern Kentucky Concentrated Employment Program, Inc. provided pass through federal awards to subrecipients of $9,151,545 as presented in the Notes of Financial Statements and in the supplemental information at Schedules I, II, III, V, and VI. Amounts passed through to subrecipients were provided under the following CFDA numbers:
Title: Note 3. Indirect Cost Rate:
Accounting Policies: Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: Eastern Kentucky Concentrated Employment Program, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Eastern Kentucky Concentrated Employment Program, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.