Notes to SEFA
Title: Eligible Expenditures Incured in the Prior Fiscal Year
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of Kay 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: The County did not use the de minimis cost rate.
On June 1, 2019, the President of the United States approved a Major Disaster Declaration for Kay County in response to severe storms, straight-line winds, tornados, and flooding May 7, 2019 through June 9, 2019. The County incurred $246,872 in eligible expenditures in the prior fiscal year ending June 30, 2020. The Federal Emergency Management Agency approved all project worksheets for this disaster in the fiscal year ending June 30, 2021. Therefore, expenditures on the schedule of expenditures of federal awards for Assistance Listing 97.036 – Disaster Grants – Public Assistance (Presidentially Declared Disasters) includes $246,872 in eligible expenditures incurred in the fiscal year ending June 30, 2020, and all eligible expenditures that were incurred in the fiscal year ending June 30, 2021.