Title: Basis of Presentation
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual 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: Alexander County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) includes the federal and state grant activity of Alexander County under the programs of the federal government and the State
of North Carolina for the year ended June 30, 2023. The information in this 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 Alexander County, it is not intended to and does not present the financial position, changes in net position or cash flows of Alexander County.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual 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: Alexander County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported in the SEFSA are reported on the modified accrual 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.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual 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: Alexander County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Alexander County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Cluster of Programs
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual 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: Alexander County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The following are clustered by the NC Department of Health and Human Services and are treated separately for state audit requirement purposes: Foster Care, Adoption, and Guardianship Assistance Program
Cluster, Subsidized Child Care Program Cluster, and Special Children Adoption Fund Cluster.
Title: Benefit Payments Issued by the State
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual 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: Alexander County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The amounts listed below were paid directly to individual recipients by the state from federal and state moneies. 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 that do not appear in the basic financial statements because they are not revenues and expenditures of the County.
Program Title AL No. Federal State
Special Supplemental Nutrition Program for Women Infant and Children 10.557 $493,821 $-
Temporary Assistance for Needy Families 93.558 169,080 -
Adoption Assistance 93.659 356,997 78,355
Medical Assistance Program 93.778 54,456,320 20,713,429
Children's Health Insurance Program 93.767 355,201 80,109
Pandemic Emergency Assistance 93.558 39,771 -
Child Welfare Services Adoption Subsidy & Vendor - 115,742
State / County Special Assistance Program - 112,430
Title: Loans Outstanding
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual 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: Alexander County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Alexander County had the following loan balances outstanding at June 30, 2023. The projects are in process and are expected to be completed and fully drawn down during the next 12 months. The balance of loans outstanding at June 30, 2023 consist of:
Pass-through Amount
Program Title AL # Grantor's Number Outstanding
Drinking Water State Reserve Loan - State NC Connect Bonds N/A H-SRP-D-17-0098 $3,825,333
Wastewater State Reserve Loan - State NC Connect Bonds N/A E-SRP-W-17-0067 4,479,370