Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, except for Subrecipient expenditures, which are recorded on the cash basis. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Natrona County, Wyoming has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of Federal awards (the Schedule) includes the federal grant activity of Natrona County, Wyoming under programs of the federal government for the year ended June 30, 2022. 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, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Natrona County, Wyoming, it is not intended to and does not present the financial position, changes in net assets, or cash flows Natrona County, Wyoming. The Schedule does not include expenditures of federal awards by the Natrona County Airport, a component unit for which separate financial statements and schedule of expenditures of federal awards were issued.
Title: Vendor Payments Received
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, except for Subrecipient expenditures, which are recorded on the cash basis. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Natrona County, Wyoming has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
In providing services to its constituents, the County receives payment from the State of Wyoming to perform certain serves. Some of these payments are funded by the State through federal assistance programs. For the fiscal year ended June 30, 2022, the County received payments for service provided under the following programs: High Intensity Drug Trafficking Areas Program Overtime Reimbursements - 95.001 - $15,324 Family Planning Services - 93.217 - $103,859 Medical Assistance Program - 93.778 - $112,118
Title: Federal Assistance Listing No. 15.226 Payments in Lieu of Taxes (PILT)
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting, except for Subrecipient expenditures, which are recorded on the cash basis. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown in the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Natrona County, Wyoming has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
To compensate local taxing units for the loss of taxes from Federally-owned and acquired lands, the Office of the Secretary, Department of the Interior makes direct payments to local governments that lost real property taxes because the jurisdiction contains eligible acres of PILT entitlement land under public law 97-258, as amended, 31 U.S.C. 6901-6907. Payments are unrestricted as to use by local governments and the program is excluded from coverage under the Uniform Guidance. Consequently, the program has been excluded from the Schedule of Expenditures of Federal Awards and the determination of major programs as there are no expenditure or other requirements for the entitlement program. During the fiscal year ended June 30, 2022, the County recognized $3,952,693 of PILT payments received as income.