FAC Explorer

Audit 341263

FY End
2023-06-30
Total Expended
$862,343
Findings
0
Programs
2
Organization: Kentucky Association of Conservation Districts Foundation INC (KY)
Year: 2023 Accepted: 2025-02-04
Auditor: Roy W Hunter CPA PLLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.902 Soil and Water Conservation $859,340 Yes 0
10.912 Environmental Quality Incentives Program $3,003 - 0

Contacts

Name Title Type
XLXPF8N643J4 Stephen Coleman Auditee
5026821770 Roy W. Hunter CPA Auditor
No contacts on file

Notes to SEFA

Title: Note A - Basis of Presentation Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Kentucky Association of Conservation Districts Foundation and is presented on the modified basis of cash receipts and disbursements. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. De Minimis Rate Used: Y Rate Explanation: The Foundation does elect to use the 10% de minims indirect cost rate. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Kentucky Association of Conservation Districts Foundation and is presented on the modified basis of cash receipts and disbursements. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
Title: NOTE B - INDIRECT COST RATE Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Kentucky Association of Conservation Districts Foundation and is presented on the modified basis of cash receipts and disbursements. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. De Minimis Rate Used: Y Rate Explanation: The Foundation does elect to use the 10% de minims indirect cost rate. The Foundation does elect to use the 10% de minims indirect cost rate.