Audit 306413

Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the 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 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, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the County. NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNT POLICIES Expenditures reported on the Schedule are reported on the modified accrual basis of accounting for the governmental fund types and the accrual basis of accounting for the proprietary fund types. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. NOTE 3 – INDIRECT COST RATE The County chose not to use the 10% de minimis indirect cost rate for the year ended June 30, 2023. NOTE 4 – NON-CASH AWARDS AND LOANS There were no federal awards expended in the form of noncash assistance during the fiscal year. There were also no loans or loan guarantees outstanding at year end. De Minimis Rate Used: N Rate Explanation: NOTE 3 – INDIRECT COST RATE The County chose not to use the 10% de minimis indirect cost rate for the year ended June 30, 2023.