Notes to SEFA
Title: Federal Awards Received as a Pass-Through Entity
Accounting Policies: Basis of Presentation and Significant Accounting Policies
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant
activity of Chouteau County, Montana. The information in this schedule is presented in accordance
with the requirements Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards. 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 position, or cash flows of
the County. Therefore, some amounts presented in this schedule may differ from amounts presented
in, or used in preparation of the basic financial statements.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting.
Such expenditures are recognized following the cost principles contained in the Uniform
Guidance, whe ein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10 percent de Minimis indirect cost rate as provided in
Sec. 200.414 Indirect Costs under Uniform Guidance.
Amount of Airport Improvement COVID-19, Airports Programs, and Infrastructure Investment
and Jobs Act Programs passed through subrecipients equaled $254,947.