Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the schedule are reported the accrual basis of accounting. The amounts reported in this SEFA may differ from certain financial reports submitted to federal, state, county and city funding agencies due to those reports being submitted on either a cash basis or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal, state, county and city awards ("SEFA") presents the activities of federal, state, county and city award programs at KenCrest Services. All financial assistance received directly from federal, state, county and city agencies as well as financial assistance passed through other governmental agencies or nonprofit organizations, are presented on the SEFA. The information in this schedule is presented in accordance with the requirements of the 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 KenCrest Services, it is not intended to and does not present the financial position, changes in net assets or cash flows of KenCrest Services. The Agency reported Provider Relief Fund ("PRF") expenditures of $5,240,604 on the SEFA for the fiscal year ended June 30, 2022. In accordance with the guidance in the 2022 Compliance Supplement, the correlating expenditures on the SEFA should reflect the amounts reported in the PRF Reporting Portal (the "Portal") for the submission date that falls within the fiscal year ended June 30, 2022. Therefore, $1,317,899 in expenditures that were reported as revenues on the statement of activities for June 30, 2022 and $3,922,705 in expenditures that were reported as on the statement of activities for June 30, 2021 were reported in the Portal.
Title: RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: Expenditures reported on the schedule are reported the accrual basis of accounting. The amounts reported in this SEFA may differ from certain financial reports submitted to federal, state, county and city funding agencies due to those reports being submitted on either a cash basis or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal, state, county and city award expenditures are reported on the statement of activities. For certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal, state, county and city awards due to program expenditures shown in the financial statements exceeding grant or contract budget limitations of the awards.