Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the
Breathitt County School District 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in, or used,
in the preparation of, the basic financial statements may differ from those numbers.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.