Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of the City of Paris, Kentucky and is
presented on the accrual basis of accounting. The information in the schedule is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.