Notes to SEFA
Title: NOTE 3: SUBRECIPIENTS
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF CITY OF KEWANEE, ILLINOIS AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE OFFICE OF MANAGEMENT AND BUDGET 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 BASIS FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DID NOT ELECT TO USE 10% DE MINIMIS COST RATE.
OF THE FEDERAL EXPENDITURES PRESENTED IN THE SCHEDULE, CITY OF KEWANEE, ILLINOIS PROVIDED FEDERAL AWARDS TO SUBRECIPIENT AS FOLLOWS.
Title: NOTE 4: NON-CASH ASSISTANCE
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF CITY OF KEWANEE, ILLINOIS AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE OFFICE OF MANAGEMENT AND BUDGET 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 BASIS FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DID NOT ELECT TO USE 10% DE MINIMIS COST RATE.
THE FOLLOWING AMOUNTS WERE EXPENDED IN THE FORM OF NON-CASH ASSISTANCE BY CITY OF KEWANEE, ILLINOIS AND SHOULD BE INCLUDED IN THE SCHEDULE OF EPENDITURES OF FEDERAL AWARDS: NON-CASH COMMODITIES $0; OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES $0; TOTAL NON-CASH $0
Title: NOTE 5: OTHER INFORMATION
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF CITY OF KEWANEE, ILLINOIS AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE OFFICE OF MANAGEMENT AND BUDGET 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 BASIS FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DID NOT ELECT TO USE 10% DE MINIMIS COST RATE.
THERE WERE NO INSURANCE COVERAGE IN EFFECT PAID WITH FEDERAL DURING THE FISCAL YEAR.