Notes to SEFA
Title: LOANS AND INSURANCE
Accounting Policies: The accompanying schedule of federal awards is a summary of the activity of the Countys federal award programs presented on the modified accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Accordingly, revenues are recognized when the qualifying expenditure has been incurred and expenditures have been recognized when the fund liability has been incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no insurance, loans or loan guarantees related to federal awards reported in the Schedule of Expenditures of Federal Awards at November 30, 2022.
Title: MAJOR PROGRAMS
Accounting Policies: The accompanying schedule of federal awards is a summary of the activity of the Countys federal award programs presented on the modified accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Accordingly, revenues are recognized when the qualifying expenditure has been incurred and expenditures have been recognized when the fund liability has been incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
ALN numbers above noted with an asterisk (*) were tested as major programs.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying schedule of federal awards is a summary of the activity of the Countys federal award programs presented on the modified accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Accordingly, revenues are recognized when the qualifying expenditure has been incurred and expenditures have been recognized when the fund liability has been incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no payments to subrecipients related to federal awards noted during the year ended November 30, 2022.
Title: NON CASH TRANSACTIONS
Accounting Policies: The accompanying schedule of federal awards is a summary of the activity of the Countys federal award programs presented on the modified accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Accordingly, revenues are recognized when the qualifying expenditure has been incurred and expenditures have been recognized when the fund liability has been incurred.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The County received $53,593 of childhood immunization commodities from the U.S. Department of Health and Human Services passed through the Illinois Department of PublicHealth with a ALN number of 93.268.