Audit 252904

Accounting Policies: A. Basis of Presentation The information in the schedule of expenditures of federal awards is presented in accordance withthe audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). B. Federal Financial AssistancePursuant to the Uniform Guidance, federal financial assistance is defined as assistance provided bya federal agency, either directly or indirectly, in the form of grants, contracts, cooperativeagreements, loans, loan guarantees, property, interest subsidies, insurance, or directappropriations. Accordingly, non-monetary federal assistance, including federal surplus property, isincluded in federal financial assistance and, therefore, is reported on the schedule of expendituresof federal awards, if applicable. Federal financial assistance does not include direct federal cashassistance to individuals. Solicited contracts between the state and federal government for whichthe federal government procures tangible goods or services are not considered to be federalfinancial assistance.C. Indirect Cost Rate The County has elected not to use the 10 percent de minimis indirect cost rate as allowed under theUniform Guidance.D. Major ProgramsThe Uniform Guidance establishes criteria to be used in defining major federal financial assistanceprograms. Major programs for the County are those programs selected for testing by the auditorusing a risk assessment model, as well as certain minimum expenditure requirements, as outlinedin the Uniform Guidance. Programs with similar requirements may be grouped into a cluster fortesting purposes. Major programs include CFDA No. 21.027 American Rescue Plan Act of 2021(COVID) and CFDA No. 99.999 BPA Select Fisheries Enhancement. E. Reporting EntityThe reporting entity is fully described in the notes to the Countys basic financial statements.Additionally, the schedule of expenditures of federal awards includes all federal programsadministered by the County for the year ended June 30, 2022.F. Revenue and Expenditure RecognitionThe receipt and expenditure of federal awards are accounted for under the modified accrual basisof accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.