Notes to SEFA
Accounting Policies: Note 1. Basis of presentation The Schedule of Expenditures of Federal Awards includes the federal grant activity of Eastern Kentucky Concentrated Employment Program, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Note 2. Subrecipients of the federal expenditures represented in this schedule, Eastern Kentucky Concentrated Employment Program, Inc. provided pass-through federal awards to subrecipients of $9,151,545 as presented in the Notes to the Financial Statements and in the supplemental information at Schedules I, II, III, V, and VI. Amounts passed through to subrecipients were provided under the following CFDA numbers: 17.258, 17.259, 17.278 and 17.277 Total Subrecipients: $9,151,545.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Note 3. Indirect Cost Rate Eastern Kentucky Concentrated Employment Program, Inc. has elected not to use the 10 percent minimis indirect cost rate allowed under the Uniform Guidance.