Notes to SEFA
Title: Note 1. Basis of Presentation
Accounting Policies: Accrual basis of accounting in accordance with the requirements of Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: EKCEP has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance
The schedule of Expenditures of Federal and State Awards include the Federal and State Awards includes the federal and state grant activity of Eastern Kentucky Concentrated Employment Program, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basis financial statements.
Title: Note 2. Subrecipients
Accounting Policies: Accrual basis of accounting in accordance with the requirements of Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: EKCEP has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance
Of the federal expenditures presented in this schedule, Eastern Kentucky Concentrated Employment Program, Inc. provided pass through federal awards to subrecipients of $18,925,192 as presented in the Notes of Financial Statements and in the supplemental information at Schedules I, II, III, V and VI. See Notes to the SEFA for table.
Title: Note 3. Indirect Cost Rate
Accounting Policies: Accrual basis of accounting in accordance with the requirements of Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: EKCEP has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance
Eastern Kentucky Concentrated Employment Program, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.