Notes to SEFA
Title: Note 2 - Non-Cash Federal Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant expenditure activity for the financial statements of the organization. The schedule is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance.
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: Note 3 - Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant expenditure activity for the financial statements of the organization. The schedule is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance.
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.
To organization provided no federal awards presented above to sub-recipients during the year.
Title: Note 5 - Loan and Loan Guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant expenditure activity for the financial statements of the organization. The schedule is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance.
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.
The following is the outstanding principal balance of the Clean Water State Revolving Funds (CWSRF) program at June 30, 2023. Because there are no continuing compliance requirements, the outstanding balance is not included in the Schedule of expenditures of federal awards.