Notes to SEFA
Accounting Policies: THE FEDERAL AWARD PROGRAMS ARE RECOGNIZED ON THE ACCRUAL BASIS OF ACCOUNTING. FEDERAL EXPENDITURES ARE PRIMARILY FOR ADMINISTERING A HEADSTART PROGRAM FOR DISADVANTAGED CHILDREN WITHIN MORGAN COUNTY, TENNESSEE. THE AGENCY ALSO ADMIISTERS A CHILDCARE FOOD PROGRAM, WHICH IS FUNDED WITH PASS-THROUGH MONIES FROM THE USDA.
De Minimis Rate Used: N
Rate Explanation: THE AUDITEE DID NOT USE THE DE MINIMIS COST RATE.