Notes to SEFA
The accompanying Schedule of Federal Awards includes federal grant activity of Kenergy Corp. under programs of the federal overnment for the year ended December 31, 2025. The informaiton in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200. Uniform Administrative Requirement, Cost Principles and Audit Requirments for Federal Awards ( Uniform Guidance). Because the schedule presents only a select portion of the operations of Kenergy Corp., it is not intended to be and does not present the financial position, net margin, or cash flows of Kenergy Corp.
Expenditures reported on the schedule are reported on the accural 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 limited as to reimbursement.
Kenergy Corp. has elected not to use the 10-percent de minimus indirect cost rate allowed under the Uniform Guidance.