Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: All Federal grant operations of the County are included in the scope of Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards (the Single Audit). The Single Audit was
performed in accordance with the provisions of the OMB Compliance Supplement (the
Compliance Supplement). Compliance testing of all requirements, as described in the
Compliance Supplement, was performed for the major grant program noted below. The programs
on the Schedule of Expenditures of Federal Awards represent all Federal award programs with
fiscal year 2023, cash or non-cash expenditures activities. We have evaluated the Federal
financial assistance programs of the County for the year ended June 30, 2023, and have
selected the major program listed below for testing. We tested to ensure coverage of at least
20% of federally granted funds and our coverage for testing was 79% of all Federal
expenditures. Expenditures reported on the Schedule of Expenditures of Federal awards are reported on the
accrual basis of accounting. Such expenditures are recognized following the cost principles
contained in Title 2 U.S. CFR Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal award activity of the County under programs of the Federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. CFR 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 thE County, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the County.
Title: LOANS
Accounting Policies: All Federal grant operations of the County are included in the scope of Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards (the Single Audit). The Single Audit was
performed in accordance with the provisions of the OMB Compliance Supplement (the
Compliance Supplement). Compliance testing of all requirements, as described in the
Compliance Supplement, was performed for the major grant program noted below. The programs
on the Schedule of Expenditures of Federal Awards represent all Federal award programs with
fiscal year 2023, cash or non-cash expenditures activities. We have evaluated the Federal
financial assistance programs of the County for the year ended June 30, 2023, and have
selected the major program listed below for testing. We tested to ensure coverage of at least
20% of federally granted funds and our coverage for testing was 79% of all Federal
expenditures. Expenditures reported on the Schedule of Expenditures of Federal awards are reported on the
accrual basis of accounting. Such expenditures are recognized following the cost principles
contained in Title 2 U.S. CFR Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Loans outstanding made with the United States Department of Agricultural during the year ended June 30, 2023 are as follows: