Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Revenue from federal awards is recognized when the County receives the cash. Expenditures of federal awards are recognized in the accounting period when the cash is paid.
De Minimis Rate Used: N
Rate Explanation: Douglas County elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance
The accompanying schedule of expenditures of federal awards is prepared on the modified cash basis method of accounting which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America.
Title: Non-Cash Assistance
Accounting Policies: Revenue from federal awards is recognized when the County receives the cash. Expenditures of federal awards are recognized in the accounting period when the cash is paid.
De Minimis Rate Used: N
Rate Explanation: Douglas County elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance
Douglas County did not receive any non-cash awards.
Title: Insurance In Effect, Loans, and Guarantees
Accounting Policies: Revenue from federal awards is recognized when the County receives the cash. Expenditures of federal awards are recognized in the accounting period when the cash is paid.
De Minimis Rate Used: N
Rate Explanation: Douglas County elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance
Douglas County did not receive any federal awards in the form of non-cash assistance for insurance in effect during the year, loans, or guarantees.