Notes to SEFA
Title: Note B - Subrecipients
Accounting Policies: The accompanying schedule of federal awards is a summary of the activity of the County’s federal award programs presented on the modified accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Accordingly, revenues are recognized when the qualifying expenditure has been incurred and expenditures have been recognized when the fund liability has been incurred.
De Minimis Rate Used: N
Rate Explanation: The County did not elect the federal 10% de minimis indirect cost rate for the year ended November 30, 2023.
There were no payments to subrecipients related to federal awards noted during the year ended
November 30, 2023.
Title: Note C - Non-Cash Transactions
Accounting Policies: The accompanying schedule of federal awards is a summary of the activity of the County’s federal award programs presented on the modified accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Accordingly, revenues are recognized when the qualifying expenditure has been incurred and expenditures have been recognized when the fund liability has been incurred.
De Minimis Rate Used: N
Rate Explanation: The County did not elect the federal 10% de minimis indirect cost rate for the year ended November 30, 2023.
The County received $53,121 of childhood immunization commodities from the U.S. Department of Health and Human Services passed through the Illinois Department of Public Health with a ALN number of 93.268.
Title: Note D - Major Programs
Accounting Policies: The accompanying schedule of federal awards is a summary of the activity of the County’s federal award programs presented on the modified accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Accordingly, revenues are recognized when the qualifying expenditure has been incurred and expenditures have been recognized when the fund liability has been incurred.
De Minimis Rate Used: N
Rate Explanation: The County did not elect the federal 10% de minimis indirect cost rate for the year ended November 30, 2023.
ALN numbers above noted with an asterisk (*) were tested as major programs.
Title: Note E - Loans and Insurance
Accounting Policies: The accompanying schedule of federal awards is a summary of the activity of the County’s federal award programs presented on the modified accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America as promulgated by the Governmental Accounting Standards Board (GASB). Accordingly, revenues are recognized when the qualifying expenditure has been incurred and expenditures have been recognized when the fund liability has been incurred.
De Minimis Rate Used: N
Rate Explanation: The County did not elect the federal 10% de minimis indirect cost rate for the year ended November 30, 2023.
There were no insurance, loans or loan guarantees related to federal awards reported in the Schedule of Expenditures of Federal Awards at November 30, 2023.