Title: 3. Subrecipient Information
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Obion County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
No amounts ($0) were passed-through to subrecipients.
Title: 4. Cluster Totals
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Obion County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
Child Nutrition Cluster total $2,012,197; Special Education Cluster total $1,045,331.
Title: 5. Pass-through Information
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Obion County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
Information not available.
Title: 6. Additional Pass-through Information
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Obion County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
Z22-THS-219: $4,067; Z23-THS-210: $6,582.
Title: 7. Additional Pass-through Information
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Obion County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
GG-23-75990: $135,341; Z23-26143: $66,643.
Title: 8. Federal Assistance Listing (FAL) Totals
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Obion County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
Total for FAL No. 10.555 is $1,468,149; Total for FAL No. 84.027 is $994,538; Total for FAL No. 84.173 is $50,793; Total for FAL No. 84.425 is $3,078,355; Total for FAL No. 93.323 is $557,456.
Title: 9. Excess Military Equipment
Accounting Policies: Presented in conformity with generally accepted accounting principles using the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Obion County elected not to use the 10% de minimis cost rate permitted in the Uniform Guidance.
During the year ended June 30, 2023, Obion County received excess military equipment from the U.S. Department of Defense valued at $102,155.