Notes to SEFA
The accompanying schedule of expenditures of federal aw ards includes the federal grant activity of the City and is presented on the accrual basis of accounting. The inf ormation in this schedule is presented in accordance w ith the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Aw ards (Uniform Guidance). Theref ore, some amounts presented in, or used in the preparation of, the basic financial statements may differ from these numbers.
The City of Nicholasville did not elect to use the 10 percent de minimis cost rate as allowed under the Uniform Guidance.
The City did not pass through any funds to subrecipients.
The award revenues received and expended are subject to audit and adjustment. If any expenditures are disallowed by the grantor as a result of such an audit, any claim for reimbursement to the grantor w ould become a liability of the City. In the opinion of management, all grant expenditures are in compliance with the terms of the grant agreements and applicable federal laws and regulations.