Notes to SEFA
The Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of Middle Kentucky Community Action Partnership, Inc., 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented on this Schedule may differ from amounts presented or used in the preparation of the financial statements.
Expenditures reported on the Schedule 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.
Awards totaling $793,978 were passed through to subrecipients for the year ended June 30, 2025.
Middle Kentucky Community Action Partnership, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
There were no federal awards expended for loan or loan guarantee programs or for other noncash awards.