Notes to SEFA
Title: Non-Cash Federal Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Otero County, 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.
De Minimis Rate Used: N
Rate Explanation: The County did not use the de minimis cost rate. The de minimis cost rate is not consistently applied to all grants, per grant requirements
No non-cash federal assistance was received during the year ended June 30, 2023.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Otero County, 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.
De Minimis Rate Used: N
Rate Explanation: The County did not use the de minimis cost rate. The de minimis cost rate is not consistently applied to all grants, per grant requirements
Otero County provided no federal awards presented above to sub-recipients during the year.