Notes to SEFA
Accounting Policies: Revenues and expenditures in the schedules are presented in accordance with the modified accrual basis of
accounting and are generally in agreement with revenues and expenditures reported in the County’s 2023 fund
financial statements. Accrued revenue at year-end consists of federal and state program expenditures scheduled
for reimbursement to the County in the succeeding year while unearned revenue represents advances for federal
and state programs that exceed recorded County expenditures. Because of subsequent program adjustments,
these amounts may differ from the prior year’s ending balances. Such expenditures are recognized following the
cost principles contained in the Uniform Guidance and State Single Audit guidelines, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A