Notes to SEFA
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the
Pope County Public Facilities Board (Board) under programs of the federal government for the year ended June 30,
2023. 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 of
Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: Because the Schedule presents only a selected portion of the operations of the
Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Board.