Notes to SEFA
Accounting Policies: NOTE 1: SIGNIFICANT ACCOUNTING POLICIESThe accompanying Schedule of Expenditures of Federal Awards is a summary of activity of the Organizations federal award programs. The schedule has been prepared on the accrual basis of accounting.Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles of 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 in reimbursement. The Organization has elected not to use the 10 percent de-minimus indirect cost rate as allowed under the Uniform Guidance.NOTE 2: MATCHING REQUIREMENTSCertain Federal programs require the County to contribute non-federal funds (matching funds) to support the Federally-funded programs. The Organization has met its matching requirements. The Schedule of Expenditures of Federal Awards does not include the expenditure of non-federal matching funds.NOTE 3: RELEASE OF EXPENDITURESThe Organization determines the expenditure available for release from restrictions when the expenditure meets the following conditions: 1. Creates an obligation for the Organization to pay; 2. Has completed a specific purpose/objective through the grant provisions and 3. The expenditure is in accordance with the agreed upon specifications or standard.Sub-recipients received a total of $275,382 from the SOR(Opioid) program CFDA 93-788.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.