Notes to SEFA
Title: Note 2
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting. The modified accrual basis of accounting is described in Note I of the basic financial
statements. The information in this schedule is presented in accordance with the requirements of
Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some
of the amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
Special Revenue Fund, Capital Projects Funds, or the General Fund. Accounting standards allow grants
used for the construction or acquisition of capital assets to be accounted for in the Capital Projects Funds.
Generally, unused balances are returned to the grantor at the close of specified project periods.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to apply the 10% de minimis indirect cost rate.
The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting. The modified accrual basis of accounting is described in Note I of the basic financial
statements. The information in this schedule is presented in accordance with the requirements of
Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some
of the amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
Title: Note 3
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of
accounting. The modified accrual basis of accounting is described in Note I of the basic financial
statements. The information in this schedule is presented in accordance with the requirements of
Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements,
Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some
of the amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
Special Revenue Fund, Capital Projects Funds, or the General Fund. Accounting standards allow grants
used for the construction or acquisition of capital assets to be accounted for in the Capital Projects Funds.
Generally, unused balances are returned to the grantor at the close of specified project periods.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to apply the 10% de minimis indirect cost rate.
The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal
awards programs of the County. The County’s reporting entity is defined in Note I of the basic
financial statements. Federal awards received directly from federal agencies, as well as awards
passed through other government agencies, are included on the Schedule of Expenditures of
Federal Awards.