Notes to SEFA
Title: BAIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the County's federal awards and does not present transactions that would be included in financial statements of the County presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The County of Ogemaw did not elect to use a flat de minimus rate of 10% of modified total direct costs for their indirect cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the County of Ogemaw under programs of the federal government for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations 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 of Ogemaw, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the County of Ogemaw .
Title: RECONCILIATION TO FINANCIAL STATEMENTS
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the County's federal awards and does not present transactions that would be included in financial statements of the County presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The County of Ogemaw did not elect to use a flat de minimus rate of 10% of modified total direct costs for their indirect cost rate.
Federal revenue presented in the financial statements:
Governmental Funds $1,792,688
Proprietary Funds 445,377
2,238,065
Accounts receivable for the year ended September 30, 2022 received more than
60 days after year-end and recognized as federal revenue in the fiscal year
September 30, 2023 financial statements:
Emergency Management Performance Grant – 2022 (11,281)
HMEP (1,500)
Homeland (22,511)
HPG (17,422)
Bulletproof Vest Partnership Grant FY2020 Regular Fund (2,700)
Accounts receivable for the year ended September 30, 2023 received more than
60 days after year-end and to be recognized as federal revenue in fiscal year
September 30, 2024 financial statements:
Emergency Management Performance Grant – 2023 5,946
HMEP 1,500
Bulletproof Vest Partnership Grant FY2020 Regular Fund 2,700
Federal revenue on the Schedule of Expenditures of Federal Awards $2,192,797
Title: GRANT PAYMENT ADJUSTMENTS
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the County's federal awards and does not present transactions that would be included in financial statements of the County presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The County of Ogemaw did not elect to use a flat de minimus rate of 10% of modified total direct costs for their indirect cost rate.
In the current year, the COVID-19 National Disaster Relief Grant was adjusted by $2,038 as it was discovered after issuance of the September 30, 2022 Schedule of Expenditures of Federal Awards that the expenditures included $2,038 of State payments that should not have been included on the Schedule of Expenditures of Federal Awards.