Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: KMAAG REGULATORY BASIS
De Minimis Rate Used: N
Rate Explanation: N/A
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL ACTIVITY OF CALDWELL, KANSAS UNDER PROGRAMS OF THE FEDERAL GOVERNMENT FOR THE YEAR ENDED DECEMBER 31, 2023. THE INFORMATION IN THE SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF TITLE 2 US CODE OF FEDERAL REGLATIONS PART 200 UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS. THE SCHEDULE IS PRESENTED USING A REGULATORY BASIS OF ACCOUNTING PRESCRIBED BY THE KANSAS MUNICIPAL AUDIT AND ACCOUNTING GUIDE, WHICH IS THE SAME BASIS OF ACCOUNTING AS THE FINANCIAL STATEMENT ACCOMPANYING THE SCHEDULE.