Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents theactivity of all federal financial assistance programs for the Flint Hills Area Transportation AgencyBoard (the Board). The reporting Board is defined in Note 1 of the Boards basic financialstatements. Federal financial assistance received directly from federal agencies as well as federalfinancial assistance passed through other government agencies are included on the Schedule.The accompanying Schedule is presented on a basis which is the same basis of accounting as thefinancial statements. The information in the Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of the Board, it is notintended to and does not present the financial position, changes in net assets, or cash flows of theBoard.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.