Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: Creek County has electd to not use the 10 percent de minimis cost rate allowed.
The schedule of expenditures of federal awards includes federal grant activity of Creek County, and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance.
Title: Indirect Cost Rate
Accounting Policies: Cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: Creek County has electd to not use the 10 percent de minimis cost rate allowed.
Creek County has elected to not use the 10 percent de minimis cost rate allowed for by 2 CFR 200.414(f)
Title: Eligible Expenditures Incurred in the Prior Fiscal Year
Accounting Policies: Cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: Creek County has electd to not use the 10 percent de minimis cost rate allowed.
On June 1, 2019, the President of the United States declared a Major Disaster Declaration for Creek County in response to May 7, 2019, through June 9, 2019, Oklahoma Severe Storms, Straight-line Winds, Tornadoes, and Flooding. The County incurred $17,970 in eligible expenditures in the prior fiscal year ending June 30, 2020. The Federal Emergency Management Agency approved one project worksheet for this disaster in the fiscal year ending June 30, 2021. Therefore, expenditures on the schedule of expenditures of federal awards for Assistance Listing 97.036 – Disaster Grants – Public Assistance (Presidentially Declared Disasters) includes $17,970 in eligible expenditures incurred in the fiscal year ending June 30, 2020, and all eligible expenditures that were incurred in the fiscal year ending June 30, 2021. On March 27, 2020, the President of the United States signed the COVID-19 Relief Bill into law. Creek County received $1,203,881 in federal relief funds. The County incurred $54,622 in eligible expenditures in the prior fiscal year ending June 30, 2020. These eligible expenditures were from March 1, 2020, through June 30, 2020, and were accounted for in the County’s June 30, 2020, financial statements. Therefore, expenditures on the schedule of expenditures of federal awards for Assistance Listing 21.019 – Coronavirus Relief Fund includes $54,622 in eligible expenditures incurred in the fiscal year ending June 30, 2020, and all eligible expenditures that were incurred in the fiscal year ending June 30, 2021.