Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are presented in accordance with generally accepted accounting principles. Such expenditures are recognized following the cost principles contained in the Uniform Guidance cost principles, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Auditee did not use the de minimis cost rate
The accompanying schedule of expenditures of federal awards includes the federal grant activity of City of Junction City, Kansas under programs of the federal government for the year ended December 31, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Audits of States, Local Governments, and Non- Profit Organizations. Because the schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the governmental activities, the business-type activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of the City.
Title: Environmental Protection Agency
Accounting Policies: Expenditures reported on the schedule are presented in accordance with generally accepted accounting principles. Such expenditures are recognized following the cost principles contained in the Uniform Guidance cost principles, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Auditee did not use the de minimis cost rate
City of Junction City, Kansas has received a loan from the Environmental Protection Agency, passed through the Kansas Department of Health and Environment. Expenditures incurred for this project during the period ended December 31, 2023 totaled to $3,616,884. The balance of the loan outstanding at December 31, 2023 consists of: See the notes to the SEFA for table