Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with accounting principles generally accepted in the United States and amounts presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the County of Montgomery, New York (County), under programs of the
federal government for the year ended December 31, 2022. The information in the 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 portion of the operations of the County, it is not intended to and does not present the financial position, changes in net
position, or cash flows for the County.
Title: INDIRECT COSTS
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with accounting principles generally accepted in the United States and amounts presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
Indirect costs are included in the reported expenditures to the extent that such costs are included in the federal financial reports used as the source document for the data presented.
The County has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: MATCHING COSTS
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with accounting principles generally accepted in the United States and amounts presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
Matching costs, (i.e. the County's share of certain program costs), are not included in the reported expenditures.
Title: SUB-RECIPIENTS
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with accounting principles generally accepted in the United States and amounts presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
No amounts were provided to sub-recipients.
Title: NONCASH AWARDS
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with accounting principles generally accepted in the United States and amounts presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
A significant portion of federal award programs do not involve cash awards to the County. The value of these noncash awards has been recorded as expenditures on the Statement of Expenditures of Federal Awards. Those relating to the County are as follows:
Program Title Federal
Assistance Listing
Number
Amount
U.S. Department of Health and Human Services:
Low Income Home Energy Assistance
Value of NYS Comptroller Expenditures
93.568
$ 5,282,893