Notes to SEFA
Title: Reporting Entity:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis indirect cost rate for fiscal year 2022. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
The accompanying schedule of expenditures of federal awards presents the activity or expenditure of all
federal awards programs of the La Paz County, Arizona for the year ended June 30, 2022. The County’s
reporting entity is defined in Note 1 of the basic financial statements. All expenditure of federal awards
received directly from federal agencies as well as federal awards passed through other government agencies
are included in the schedule.
Title: Basis of Accounting:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis indirect cost rate for fiscal year 2022. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting. 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.
Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein
certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial
statements.
Title: Indirect Cost Rate:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis indirect cost rate for fiscal year 2022. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
The County did not elect to use the 10% de minimis indirect cost rate for fiscal year 2022. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
Title: Federal Loans Outstanding:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the modified accrual
basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimis indirect cost rate for fiscal year 2022. There were no
indirect cost allocations made to any of the federal grants as listed in the accompanying schedule of
expenditures of federal awards.
There are no outstanding balances for federal loan or loan guarantee programs with continuing compliance
requirements at June 30, 2022.