Title: Basis of Presentationi
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrul basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs assigned to the grant awards.
The accompanying schedule of expenditures of federal and State awards (SEFSA) includes the federal and State grant activity of Currituck County under the program of the federal government nd the State of North Carolina for the year ended June 30, 2023. The information in the SEFSA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of Currituck County, it is not intended to and does not present the financial position, changes in net position or cash flows of Currituck County.
Title: Cluster of State Programs
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrul basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs assigned to the grant awards.
The following are clustered by the NC Department of Health and Human Services and are treated separately for federal audit requirements purposes: Foster Care and Adoption
Title: Federal Pass-Through Funds
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrul basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs assigned to the grant awards.
The County is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-through are considered to be direct.
Title: Contingencies
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrul basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs assigned to the grant awards.
Grant monies received and disbursed by the County are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the County does not believe that such disallowance, if any, would have a material effect on the financial position of the County.
Title: Noncash Assistance
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrul basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs assigned to the grant awards.
The County did not receive any federal noncash assistance for the fiscal year ended June 30, 2023.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrul basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs assigned to the grant awards.
The County has elected not to use the 10% de Minimis indirect cost rate
Title: Loans and Loan Guarantees
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrul basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs assigned to the grant awards.
The County did not have any loans or loan guarantee programs required to be reported on the SEFSA.
Title: Benefit Payments Issued by the State
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrul basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: There were no indirect costs assigned to the grant awards.
The amounts listed below were paid directly to individual recipients by the State from federal and State moneys. County personnel are involved with certain functions, primarily eligibility determinations that cause benefit payments to be issued by the State. These amounts disclose this additional aid to County recipients. Special Supplemental Nutrition Program for Women, Infant, and Children ALN #10.557 Federal $259,505; Supplemental Nutrition Assistance Program ALN #10.561 Federal $5,790,551; Temporary Assistance for Needy Families ALN #93.558 Federal $58,116; Adoption Assistance ALN #93.659 Federal $74,063 State $13,830; Foster Care -Title IV-E ALN #93.568 Federal $5,930 State $1,039; Medical Assistance Program ALN #93.778 Federal $20,741,614 State $7,979,908; Children's Health Insurance Program ALN #93.767 Federal $142,378 State $31,895; Child Welfare Service Adoption State $83,396; State/County Special Assistance Program $90,405; State Home Foster Care $24,327.