Notes to SEFA
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIESBasis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalaward activity of the County of Herkimer, New York, an entity as defined in Note 1 to the Countysfinancial statements, under programs of the federal government for the year ended December 31,2022. Federal awards are received directly or indirectly from the Department of Agriculture, Housingand Urban Development, Justice, Labor, Transportation, Treasury, Education, Election AssistanceCommission, Health and Human Services, Social Security Administration, and Homeland Security.The information in this schedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, andAudit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only aselected portion of the operations of the County of Herkimer, New York, it is not intended to and doesnot present the financial position, changes in net assets, or cash flows of the County of Herkimer,New York.Summary of Significant Accounting PoliciesExpenditures reported on the schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance whereincertain types of expenditures are not allowable or are limited as to reimbursement. The amountsreported as federal expenditures were obtained from the financial records detail, which is the sourceof the financial statements.New York State Child Care and Development Block GrantThe amount reported under this grant includes Federal and New York State monies. New York Statedoes not provide a breakdown to the County.De Minimis Indirect Cost RateThe County of Herkimer, New York has not elected to use the 10 percent de minimis indirect costrate as allowed under the Uniform Guidance.Donated Personal Protective Equipment (Unaudited)During the emergency period of COVID-19, federal agencies and recipients of federal assistancefunds donated personal protective equipment (PPE) to non-federal entities. In connection with thatdonation, the recipient must disclose the estimated value of donated PPE, but such amounts are notincluded in the Schedule of Expenditures of Federal Awards. The County did receive donated PPEduring the reporting year in the amount of $244,698.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.