Audit 19889

Accounting Policies: 1. BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of County of Schoharie, New York (County) under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position or the respective changes in financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the County. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Expenditures reported on the schedule are presented in conformity with accounting principles generally accepted in the United States and the amounts presented are derived from the County's general ledger. The County did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. 3. PASS-THROUGH PROGRAMS: Where the County receives funds from a government entity other than the federal government (pass-through), the funds are accumulated based upon the Assistance Listing number advised by the pass-through grantor. Identifying numbers, other than the Assistance Listing numbers, which may be assigned by pass-through grantors are not maintained in the County's financial management system. The County has identified certain pass-through identifying numbers and included them in the Schedule, as available. 4. INDIRECT COSTS: Indirect costs are included in the reported expenditures to the extent such costs are included in the federal financial reports used as the source for the data presented. 5. MATCHING COSTS: Matching costs, i.e., the County's or States share of certain program costs, are not included in the schedule of expenditures of federal awards. 6. NONCASH AWARDS: A significant portion of federal award programs do not involve cash awards to the County of Schoharie, New York. The value of this noncash award has been recorded as expenditures on the statement of expenditures of federal awards. Those relating to the County are as follows: Program Title: U.S. Department of Health and Human Services: Low Income Home Energy Assistance, Value of NYS Comptroller expenditures; Federal Assistance Listing Number: 93.568; Amount: $3,036,962 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.