Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards includes the federal grant activity ofthe South Central Board of Cooperative Educational Services and is presented on the modifiedaccrual basis of accounting. The information is presented in accordance with the requirements ofTitle 2 U.S. Code of Federal Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards. Therefore, some amounts presented in this schedule maydiffer from amounts presented in, or used in the preparation of the general purpose financialstatements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUBRECIPIENT PAYMENTSNo amounts of federal financial assistance were passed through to subrecipients in the year endedJune 30, 2022.-