Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance summarizes the expenditures of the Knoxville-Knox County Planning (Planning) under federal programs for the year ended June 30, 2025. Because the schedules present only a selected portion of the operations for Planning, they are not intended to, and do not, present the financial position, changes in net position, or cash flows of Planning. For purposes of the schedule of expenditures of federal awards, expenditures for federal programs are recognized on the modified accrual basis of accounting. Federal awards include all grants, contracts, and similar agreements entered into directly between Planning and agencies and departments of the federal government, and all subawards to Planning by nonfederal organizations pursuant to federal grants, contracts, and similar agreements. In compliance with Tennessee state law, the accompanying schedule of expenditures of state financial assistance is also included in this report. This schedule presents all state funded financial assistance, as defined by the State's Comptroller's Office, and is prepared and presented in a manner consistent with the schedule of expenditures of federal awards.
Many of Planning's federally funded programs allow indirect costs to be charged and include them as a line item in the grant budget. However, if the grant budget does not specifically provide for indirect costs to be charged, none of the indirect costs are reported as costs to the grantor nor are the costs included or presented in the schedule of expenditures of federal awards and state financial assistance. Planning has elected to use the 10% de minimis rate as allowed under the Uniform Guidance for the Section 5310 Federal Grant program only.