Notes to SEFA
Title: Reconciliation to Financial Statements:
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the County's federal awards and does not present transactions that would be included in financial statements of the County presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The County of Ogemaw did not elect to use a flat de minimus rate of 10% of modified total direct costs for their indirect cost rate.
Federal revenue presented in the financial statements:Governmental Funds $1,400,167 Proprietary Funds 430,042 1,830,209 Accounts receivable for the year ended September 30, 2021 received more than60 days after year-end and recognized as federal revenue in the fiscal year September 30, 2022 financial statements:Boating Safety Financial Assistance - 2021 (8,700)Friend of the Court Title IV D CS/FOC-17-65001 (14,694)Prosecuting Attorney CS-PA17-65002 (3,777)Emergency Management Performance Grant - 2021 (6,574)Emergency Management Performance Grant - American Recue Plan Act (3,426)Prosecutor's Office - CESF-7-65-056 (756)Sheriff's Office - CESF-322-2020 (38,895)Bulletproof Vest Partnership Grant FY2020 Regular Fund (2,100)Accounts receivable for the year ended September 30, 2022 received more than60 days after year-end and to be recognized as federal revenue in fiscal year September 30, 2023 financial statements:Emergency Management Performance Grant - 2022 11,281 HMEP 1,500 Homeland 22,511 HPG 17,422 Bulletproof Vest Partnership Grant FY2020 Regular Fund 2,700 Federal revenue on the Schedule of Expenditures of Federal Awards $1,806,701
Title: Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the County's federal awards and does not present transactions that would be included in financial statements of the County presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The County of Ogemaw did not elect to use a flat de minimus rate of 10% of modified total direct costs for their indirect cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Ogemaw under programs of the federal government for the year ended September 30, 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 of Ogemaw, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the County of Ogemaw.