Title: FEDERAL ASSISTANCE LISTING NUMBERS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Matching costs (i.e., the non-federal share of certain program costs) are not included in the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The program titles and Assistance Listing numbers were obtained from the federal or pass-through grantor. When no Assistance Listing number had been assigned to a program, the two-digit federal agency identifier and the federal contract number were used. When there was no federal contract number, the two-digit federal agency identifier and the word "unknown" were used. For June 30, 2022, all Assistance Listing numbers were obtained and reported.
Title: PASS-THROUGH ENTITIES' IDENTIFYING NUMBER
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Matching costs (i.e., the non-federal share of certain program costs) are not included in the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
When federal awards are received from a pass-through entity, the Schedule of Expenditures of Federal Awards shows, if available, the identifying number assigned by the pass-through entity. When no identifying number is shown, the County has determined that no identifying number was assigned for the program or the County was unable to obtain an identifying number from the pass-through entity.
Title: OUTSTANDING LOANS OF FEDERAL FUNDS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Matching costs (i.e., the non-federal share of certain program costs) are not included in the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following schedule presents the amount of outstanding loans of federal funds. The loans were provided by the USDA Rural Development: 1)Federal Assistance Listing Number: 10.766; Program Title: Community Facilities Loans and Grants; Outstanding Amount as of 6/30/2021: $1,170,231; Outstanding Amount as of 6/30/2022: $1,156,144. 2)Federal Assistance Listing Number: 10.766; Program Title: Community Facilities Loans and Grants; Outstanding Amount as of 6/30/2021: $1,676,812; Outstanding Amount as of 6/30/2022: $1,646,756.
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Matching costs (i.e., the non-federal share of certain program costs) are not included in the accompanying Schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant activity of Chester County under programs of the federal government for the year ended June 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the "Uniform Guidance").