Notes to SEFA
Accounting Policies: Note 1 Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards presents the activityfederal awards programs administered by the County, an entity as defined in Note 1 toCounty's basic financial statements. Federal awards received directly from federal agenciesas well as federal awards passed through from other government agencies, are includedSchedule of Expenditures of Federal Awards. Note 2 Basis of Accounting The basis of accounting varies by federal program consistent with the underlying regulationspertaining to each program. The amounts reported as federal expenditures generallyobtained from the appropriate federal financial reports for the applicable program and periodsThe amounts reported in these federal financial reports are prepared from records maintainedfor each program. These records are periodically reconciled to the general ledger whichsource of the basic financial statements. Note 3 Indirect Costs Indirect costs are included in the reported expenditures to the extent they are includedfederal financial reports used as the source for the data presented. The County has not electedto use the 10% de minimus indirect cost rate allowed under Uniform Guidance. Note 4 Matching Costs Matching costs (for example, the County's share of certain program costs) are not includedthe reported expenditures. Note 5 Department of Social Services - Administrative Costs Differences between the amounts reflected in the Schedule of Expenditures of Federal Awardsand the Department of Social Services' Federal Financial Reports (RF-2 claims) are dueallocation of administrative costs to the individual programs. Note 6 Expenditures of Federal Revenue The County operates a revolving loan program utilizing federal financial assistance receivedunder current and prior Community Development Block Grants (CDBG). Loans outstandingat December 31, 2022 under these programs, reported as part of loans receivable inCounty's basic financial statements, are as follows: Loans Receivable - Economic Development $31,211 No new loans were disbursed, and loan repayments totaling $17,454 were made duringyear from economic development loans. No economic development loans were written2022. The balance at January 1, 2022 was $48,302. Note 7 Other Disclosures Expenditures for Low-Income Home Energy Assistance #93.568 include $13administered by NYS Office of the State Comptroller but expended by the County.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.