Notes to SEFA
Title: Significant Accounting Policies
Accounting Policies: Cash Basis
De Minimis Rate Used: N
Rate Explanation: The county uses cost rates specified by the grant agreements
The accompanying Schedule of Expenditures of Federal Awards is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of State, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements
Title: De Minimis Indirect Cost
Accounting Policies: Cash Basis
De Minimis Rate Used: N
Rate Explanation: The county uses cost rates specified by the grant agreements
The County elected not to use the 10% de minimis indirect cost rate.