Notes to SEFA
Title: Noncash Federal Awards
Accounting Policies: a. Basis of accounting – Federal financial assistance programs included in the Schedule are primarily reported in the County’s basic financial statements as grants and contributions in the entity-wide Statement of Activities and as intergovernmental revenue in the fund financial statements. The Schedule is presented using the same basis of accounting as that used in reporting the expenditures of the related funds in the County’s basic financial statements. The basis of accounting used for each fund is described in Footnote 1 of the County’s basic financial statements.
b. Pass-through entity identifying numbers are presented where available.
c. Matching costs – The Schedule does not include matching expenditures.
De Minimis Rate Used: Both
Rate Explanation: The County has elected to use the 10% de minims cost rate. The Weber Housing Authority, and Weber Area Dispatch, discrete component units of Weber County, have also elected to use the 10% de minis cost rate. The Weber Morgan Health Department, a separate discrete component unit of the County, has not elected to use the de minimis rate.
Noncash federal awards represent commodities consumed during the year, expressed at market value. The State of Utah estimates the per unit fair market value of these commodities, Noncash federal financial assistance is calculated by multiplying the per unit fair market value by the net commodities consumed.
Title: Basis of Presentation
Accounting Policies: a. Basis of accounting – Federal financial assistance programs included in the Schedule are primarily reported in the County’s basic financial statements as grants and contributions in the entity-wide Statement of Activities and as intergovernmental revenue in the fund financial statements. The Schedule is presented using the same basis of accounting as that used in reporting the expenditures of the related funds in the County’s basic financial statements. The basis of accounting used for each fund is described in Footnote 1 of the County’s basic financial statements.
b. Pass-through entity identifying numbers are presented where available.
c. Matching costs – The Schedule does not include matching expenditures.
De Minimis Rate Used: Both
Rate Explanation: The County has elected to use the 10% de minims cost rate. The Weber Housing Authority, and Weber Area Dispatch, discrete component units of Weber County, have also elected to use the 10% de minis cost rate. The Weber Morgan Health Department, a separate discrete component unit of the County, has not elected to use the de minimis rate.
a. The Schedule includes the federal grant activity of Weber County under programs of the federal government for the year ended December 31, 2023. Because the Schedule presents only a selected portion of the operations of Weber County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Weber County.
b. The County’s reporting entity is fully described in Footnote 1 of the County’s basic financial statements.