Title: Note 2 - Program Costs
Accounting Policies: Note 1 - Basis of Accounting. The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as Spokane Countys ((County) financial statements. The County uses the modified accrual basis of accounting for all funds except the proprietary funds which use the accrual basis of accounting.
De Minimis Rate Used: Both
Rate Explanation: Note 4 - Indirect Cost Rate. The County charges indirect costs to federal programs where allowed. Of the total federal awards expended this year, $1,319,519 was claimed as indirect cost recovery. The County charges an adjusted full cost rate, in compliance with federal guidance, unless the grantor limits indirect costs to the federal de minimis rate. The following is a table of this years indirect cost rates by department. "See the Notes to the SEFA for Chart/Table"
The amounts shown as current expenditures represent only the federal portion program costs. Entire program costs, including the County's portion, may be more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 3 - Revolving Loan - Program Income (HUD Grants)
Accounting Policies: Note 1 - Basis of Accounting. The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as Spokane Countys ((County) financial statements. The County uses the modified accrual basis of accounting for all funds except the proprietary funds which use the accrual basis of accounting.
De Minimis Rate Used: Both
Rate Explanation: Note 4 - Indirect Cost Rate. The County charges indirect costs to federal programs where allowed. Of the total federal awards expended this year, $1,319,519 was claimed as indirect cost recovery. The County charges an adjusted full cost rate, in compliance with federal guidance, unless the grantor limits indirect costs to the federal de minimis rate. The following is a table of this years indirect cost rates by department. "See the Notes to the SEFA for Chart/Table"
The County receives HUD Home Investment Partnership federal grants. These grant funds are used to create a revolving loan program for low income housing renovation. In addition to HUD Home Investment Partnership grants, the County receives HUD CDBG federal funds which are then used by the County as both grants and loans to low income homeowners. Under these federal programs, repayments to the County are considered program revenues (income) and loans of such funds to eligible recipients are considered expenditures. The amount of loan funds disbursed to program participants for the year was $308,272 and is presented in this Schedule. The amount of principal and interest received in loan repayments for the year was $289,082.
Title: Note 5 - Amounts Awarded to Sub-recipients
Accounting Policies: Note 1 - Basis of Accounting. The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as Spokane Countys ((County) financial statements. The County uses the modified accrual basis of accounting for all funds except the proprietary funds which use the accrual basis of accounting.
De Minimis Rate Used: Both
Rate Explanation: Note 4 - Indirect Cost Rate. The County charges indirect costs to federal programs where allowed. Of the total federal awards expended this year, $1,319,519 was claimed as indirect cost recovery. The County charges an adjusted full cost rate, in compliance with federal guidance, unless the grantor limits indirect costs to the federal de minimis rate. The following is a table of this years indirect cost rates by department. "See the Notes to the SEFA for Chart/Table"
Included in the total amount expended for these programs is $25,198,535 that was passed through to a sub-recipient.
Title: Note 6 - FEMA Amounts reported from Previous Years
Accounting Policies: Note 1 - Basis of Accounting. The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as Spokane Countys ((County) financial statements. The County uses the modified accrual basis of accounting for all funds except the proprietary funds which use the accrual basis of accounting.
De Minimis Rate Used: Both
Rate Explanation: Note 4 - Indirect Cost Rate. The County charges indirect costs to federal programs where allowed. Of the total federal awards expended this year, $1,319,519 was claimed as indirect cost recovery. The County charges an adjusted full cost rate, in compliance with federal guidance, unless the grantor limits indirect costs to the federal de minimis rate. The following is a table of this years indirect cost rates by department. "See the Notes to the SEFA for Chart/Table"
Included in this amount is $1,517,238 of expenditures from a prior year that has been recorded on this schedule according to 414.5.120 of the State of Washington Budget and Accounting Reporting System (BARS) Generally Accepted Accounting Principles Manual.