Notes to SEFA
Accounting Policies: Reporting EntityThe Schedule of Expenditures of Federal Awards presents the activities of federal award programs expended by Jackson County. The Countys reporting entity is defined in Note 1 to the financial statements.2.Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Jackson County under programs of the federal government for the year ended December 31, 2022. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Jackson County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Jackson County.3.Summary of Significant Accounting PoliciesExpenditures 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, for all awards. Under the Uniform Guidance, certain types of expenditures are not allowable or are limited as to reimbursement. Jackson County has elected to not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.4.SubrecipientsJackson County did not pass federal funds to subrecipients.5.Reconciliation to the Schedule of Intergovernmental Revenue: Federal Grant Revenue per Schedule of Intergovernmental Revenue $2,354,928 Grants received more than 60 days after year-end, unavailable in 2022: Disaster Grants - Public Assistance (AL No. 97.036) 676,264 Expenditures per Schedule of Expenditures of Federal Awards $3,031,192
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.