Title: NOTE 1 – REPORTING ENTITY
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal awards programs
of the City of Kingsburg (the City). Federal awards received directly from federal agencies, as well as federal awards
passed through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is prepared using the modified accrual basis of accounting, except for program expenditures
accounted for in governmental funds and the accrual basis of accounting for expenditures accounted for in proprietary
funds, as described in Note 1 of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal awards programs
of the City of Kingsburg (the City). Federal awards received directly from federal agencies, as well as federal awards
passed through other government agencies are included in the schedule. The information in this SEFA 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).
Title: NOTE 2 – BASIS OF ACCOUNTING
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal awards programs
of the City of Kingsburg (the City). Federal awards received directly from federal agencies, as well as federal awards
passed through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is prepared using the modified accrual basis of accounting, except for program expenditures
accounted for in governmental funds and the accrual basis of accounting for expenditures accounted for in proprietary
funds, as described in Note 1 of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying SEFA is prepared using the modified accrual basis of accounting, except for program expenditures
accounted for in governmental funds and the accrual basis of accounting for expenditures accounted for in proprietary
funds, as described in Note 1 of the City’s basic financial statements.
Title: NOTE 3 – RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal awards programs
of the City of Kingsburg (the City). Federal awards received directly from federal agencies, as well as federal awards
passed through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is prepared using the modified accrual basis of accounting, except for program expenditures
accounted for in governmental funds and the accrual basis of accounting for expenditures accounted for in proprietary
funds, as described in Note 1 of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal award expenditures agree or can be reconciled with the amounts reported in the City’s basic financial statements.
Title: NOTE 4 – INDIRECT COST RATE
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal awards programs
of the City of Kingsburg (the City). Federal awards received directly from federal agencies, as well as federal awards
passed through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is prepared using the modified accrual basis of accounting, except for program expenditures
accounted for in governmental funds and the accrual basis of accounting for expenditures accounted for in proprietary
funds, as described in Note 1 of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE 5 – PASS THROUGH ENTITY IDENTIFYING NUMBERS
Accounting Policies: NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all federal awards programs
of the City of Kingsburg (the City). Federal awards received directly from federal agencies, as well as federal awards
passed through other government agencies are included in the schedule. The information in this SEFA 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).
NOTE 2 – BASIS OF ACCOUNTING
The accompanying SEFA is prepared using the modified accrual basis of accounting, except for program expenditures
accounted for in governmental funds and the accrual basis of accounting for expenditures accounted for in proprietary
funds, as described in Note 1 of the City’s basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The City has included in the SEFA the identifying numbers for pass-through grants when such information has been
provided by the pass-through entities. For grants that the City was not provided with such information by the passthrough
entities, the City has indicated the pass-through identifying number “N/A” to disclose the information was not
applicable or not available.