Notes to SEFA
Title: Payments to Subreceipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Auditee did not use the de minimis cost rate
For the current fiscal year, the City of Cornelia, Georgia did not pass federal funds through to subrecipients.