Notes to SEFA
Title: Subrecipient Pass Through
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the
City of Newport, Kentucky and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in,
or used in the preparation of, the basic financial statements may differ from those numbers.
De Minimis Rate Used: N
Rate Explanation: The City did not elect to use the 10 percent de minimis cost rate allowed under the Uniform Guidance.
The City did not pass through any funds to subrecipients.