Notes to SEFA
Accounting Policies: 1. Reporting Entity
The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of
Hall 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.
Code of Federal Regulations (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, it is not intended to and does not
present the financial position, changes in net position, or cash flows of the County.
2. Basis of Presentation and Accounting
Expenditures reported on the schedule are reported on the cash‐basis of accounting. Such
expenditures are recognized following cost principles contained in Title 2 U.S. Code of Federal
Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: 3. De Minimis Cost Rate
Hall County has not elected to use the 10% de minimis cost rate as covered in 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform Guidance) 200.414 Indirect (F&A) costs.