Notes to SEFA
Title: Basis of Presentation
Accounting Policies: MODIFIED CASH BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: NA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of DeWitt County, Illinois. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Basis of Accounting
Accounting Policies: MODIFIED CASH BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: NA
The Schedule of Expenditures of Federal Awards has been presented on the modified cash basis of accounting. Accordingly, expenditures are recorded when paid.
Title: Indirect Cost Rate
Accounting Policies: MODIFIED CASH BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: NA
The County has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.