Audit 12014

FY End
2020-12-31
Total Expended
$5.71M
Findings
0
Programs
8
Organization: County of McPherson, Kansas (KS)
Year: 2020 Accepted: 2024-01-17
Auditor: Gbn P A

Organization Exclusion Status:

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Contacts

Name Title Type
N2D6LNKHD2G4 Rick D Witte Auditee
6202418149 Paul Bowerman Auditor
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Notes to SEFA

Title: Note A: Basis of Presentation Accounting Policies: The SEFA was prepared on the accrual basis of accounting De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County under programs of the federal government for the year ended December 31, 2020. The information in this Schedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position, changes in net position, or cash flows of the County.
Title: Note B : Summary of Significant Accounting Policies Accounting Policies: The SEFA was prepared on the accrual basis of accounting De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate Expenditures on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement. Pass, through entity identifying numbers are presented where available.
Title: Note C : Indirect Cost Rate Accounting Policies: The SEFA was prepared on the accrual basis of accounting De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate The County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.