Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: CASH BASIS
De Minimis Rate Used: N
Rate Explanation: The County has elected to not use the 10% de minimus indirect cost rate on the major programs, as allowed under the Uniform Guidance
The County’s summary of significant accounting policies is presented in Note 1 in the County’s basic financial statements. Amounts reported in the Schedule are recognized on the modified accrual basis when they become a demand on current available federal resources and eligibility requirements are met, or on the accrual basis at the time liabilities are incurred and all eligibility requirements are met, depending on the basis of accounting used by the respective fund except for the following programs, which are reported in the schedule of expenditures of federal awards on the cash basis:
SNAP Cluster 10.551 & 10.561
Guardianship Assistance Recovery 93.090
Temporary Assistance for Needy Families Cluster 93.558
Child Support Enforcement 93.563
Low-Income Home Energy Assistance 93.568
CCDF Cluster 93.575 & 93.596
Stephanie Tubbs Jones Child Welfare Services Program 93.645
Foster Care Title IV-E 93.658
Adoption Assistance 93.659
Social Services Block Grant 93.667
Elder Abuse Prevention Interventions Program 93.747
When applicable, such expenditures are recognized following the cost principles contained in the
Uniform Guidance or other applicable regulatory guidance, wherein certain types of expenditures are
not allowable or are limited as to reimbursement.
Title: – HUMAN SERVICE PROGRAMS
Accounting Policies: CASH BASIS
De Minimis Rate Used: N
Rate Explanation: The County has elected to not use the 10% de minimus indirect cost rate on the major programs, as allowed under the Uniform Guidance
The County’s Department of Human Services operates several federally funded human services programs where benefits are provided to qualified citizens. The benefit distribution method consists of participants receiving benefits using a state-maintained electronic banking card (EBT) instead of the County’s cash disbursements. The Colorado Department of Human Services provided total EBT authorizations to qualified citizens in the County, in the amount of $1,061,840. The revenue and expenditures associated with these federal programs are recognized in the County’s basic financial statements