Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Cherokee County, and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Cherokee County has elected to not use the 10 percent de minimis cost rate allowed for by 2 CFR§200.414(f).
The schedule of expenditures of federal awards includes the federal grant activity of Cherokee County, and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
Title: Indirect Cost Rate
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Cherokee County, and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Cherokee County has elected to not use the 10 percent de minimis cost rate allowed for by 2 CFR§200.414(f).
Cherokee County has elected to not use the 10 percent de minimis cost rate allowed for by 2 CFR§200.414(f).