Notes to SEFA
Title: Contingencies
Accounting Policies: The schedule of expenditures of federal awards is presented on the full accrual basis of accounting. The accompanying schedule presents expenditures paid for each federal awards program in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Admnistrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal programs in titles are presented in the Assistance Listing from SAM.gov whenever possible.
De Minimis Rate Used: Y
Rate Explanation: Perry County, Illinois is a non-federal entity, electing to use the 10% de minimus cost rate as covered in 200.414 Indirect (F&A) costs.
The County has received funding from state and federal grants in the current and prior years which are subject to audits by the granting agencies. The board of commissioners believe any adjustments that may arise from those audits will be insignificant to county operations.
Title: Subsequent Events
Accounting Policies: The schedule of expenditures of federal awards is presented on the full accrual basis of accounting. The accompanying schedule presents expenditures paid for each federal awards program in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Admnistrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal programs in titles are presented in the Assistance Listing from SAM.gov whenever possible.
De Minimis Rate Used: Y
Rate Explanation: Perry County, Illinois is a non-federal entity, electing to use the 10% de minimus cost rate as covered in 200.414 Indirect (F&A) costs.
The County has evaluated subsequent events through May 13, 2024, the date which the financial statements were available to be issued.
Title: Subrecipients
Accounting Policies: The schedule of expenditures of federal awards is presented on the full accrual basis of accounting. The accompanying schedule presents expenditures paid for each federal awards program in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Admnistrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal programs in titles are presented in the Assistance Listing from SAM.gov whenever possible.
De Minimis Rate Used: Y
Rate Explanation: Perry County, Illinois is a non-federal entity, electing to use the 10% de minimus cost rate as covered in 200.414 Indirect (F&A) costs.
On the federal expenditures presented in the schedule, there were no subrecipients.
Title: Non-Cash Assistance
Accounting Policies: The schedule of expenditures of federal awards is presented on the full accrual basis of accounting. The accompanying schedule presents expenditures paid for each federal awards program in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Admnistrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Federal programs in titles are presented in the Assistance Listing from SAM.gov whenever possible.
De Minimis Rate Used: Y
Rate Explanation: Perry County, Illinois is a non-federal entity, electing to use the 10% de minimus cost rate as covered in 200.414 Indirect (F&A) costs.
The County expended no non-cash assistance for the current year.