Notes to SEFA
Title: Basis Of Presentation
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, were in certain types ofe xpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Jackson County has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) includes the federal and state grant activity of Jackson County, North Carolina under the programs of the federal
government and the State of North Carolina for the year ended June 30, 2023. The information in this SEFSA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations
Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected
portion of the operations of Jackson County, it is not intended to and does not present the financial position, changes in net position or cash flows of Jackson County.
Title: Cluster of Programs
Accounting Policies: Expenditures reported in the SEFSA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, were in certain types ofe xpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Jackson County has elected not to use the 10-percent de minimis indirect cost rate as allowed under Uniform Guidance.
The following programs are clustered together by the applicable State Department, and are treated separately for State audit requirement purposes: Subsidized Childcare, Foster Care, Adoption, and
Guardianship assistance program, the HIV Cluster, and the Special Children Adoption Fund Cluster.