Notes to SEFA
Accounting Policies: NOTE 1. BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
the City of Kingsland, Georgia (the “City”) and is presented on the modified accrual basis of
accounting. The information in this schedule is presented in accordance with the requirements of 2
CFR Part 200, OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements
for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts
presented in, or used in the preparation of, the basic financial statements.
NOTE 2. NON-CASH ASSISTANCE AND LOANS
There were no federal awards expended in the form of non-cash assistance during the year. There
were also no loans or loan guarantees outstanding at year-end.
NOTE 3. DE MINIMIS INDIRECT COST RATE
The City did not use the 10% de minimis indirect cost rate.
NOTE 4. SUBRECIPIENTS
The City did not pass through any grant funds to subrecipients for the year ended September 30,
2023.
De Minimis Rate Used: N
Rate Explanation: During FY23, the City did not use the de-minimis indirect cost rate.