Notes to SEFA
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards 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. Negative amounts (if any) shown on the Schedule of Expenditures of Federal Awards represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The County has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Federal awards of the Huron Transit Fund and Huron County Airport (a department of the General Fund) are excluded from the accompanying Schedule of Expenditures of Federal Awards. These component's audit reports are issued under separate covers. To view copies of those reports, contact the respective administrative offices or Huron County Clerk's office.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.