Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The schedule of expenditures of federal awards includes only the current year federal grant activity of Boone
County Fire Protection District and is presented on the accrual basis of accounting. This information is
presented in accordance with the requirements of the Uniform Guidance. Amounts presented in this schedule
as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial
statements, although such differences are not material.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The schedule of expenditures of federal awards includes only the current year federal grant activity of Boone
County Fire Protection District and is presented on the accrual basis of accounting. This information is
presented in accordance with the requirements of the Uniform Guidance. Amounts presented in this schedule
as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial
statements, although such differences are not material.
Title: Indirect Cost Rate
Accounting Policies: The schedule of expenditures of federal awards includes only the current year federal grant activity of Boone
County Fire Protection District and is presented on the accrual basis of accounting. This information is
presented in accordance with the requirements of the Uniform Guidance. Amounts presented in this schedule
as expenditures may differ from amounts presented in, or used in the preparation of, the basic financial
statements, although such differences are not material.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.