Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule 7) includes the federal award activity of Seward County, Kansas under programs of the federal government for the year ended December 31, 2024. 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). Because the Schedule presents only a selected portion of the operations of Seward County, Kansas, it is not intended to and does not present the financial position, changes in net position, or cash flows of Seward County, Kansas.
Expenditures reported on the accompanying Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein, certain types of expenditures are not allowable or are limited as to reimbursement.
Seward County, Kansas has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.