Title: BASIS OF PRESENTATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of Lake County, Michigan, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements, which are reconciled in Note 3.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of Lake County, Michigan, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements, which are reconciled in Note 3. The County has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
Federal Awards of the Lake County Road Commission are excluded from the accompanying Schedule of Expenditures of Federal Awards. This component unit’s audit report is issued under separate cover. Single Audits, when applicable, are included in their report. To view copies of those reports, contact the administrative offices of the component unit or the Lake County Clerk’s office.
Title: SUMMARY OF SIGNIFICANT EXPLANATIONS OF SCHEDULE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of Lake County, Michigan, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements, which are reconciled in Note 3.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
The following descriptions identified below as (a) – (c) represent explanations that cross reference to amounts on the Schedule of Expenditures of Federal Awards:
a.
Reimbursement of these contracts is passed through the State Department of Health and Human Services (DHHS). The amounts reported on the Schedule of Expenditures of Federal Awards represent the Federal portion of the respective amounts based on 66% of Title IV-D eligible expenditures for the applicable grants. The entire amount paid by DHHS for the reimbursed expenditures is considered Federal.
b.
The reimbursements for the IV-D Incentive Payments Program are based on support payments collected. Expenditures have been reported to the extent of earned revenues and are 100% Federal.
c.
The U.S. Department of Agriculture awarded a total of $3,350,000 in 2005. The U.S. Department of Agriculture has developed ongoing requirements as identified in its terms and conditions. In accordance wit presentation requirements, the Schedule of Expenditures of Federal Awards includes the amount of $1,000,238. This balance includes the balance of principal outstanding on loans at the beginning of the fiscal year.
Title: RECONCILIATION TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the Federal grant activity of Lake County, Michigan, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements, which are reconciled in Note 3.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance.
The following reconciles the intergovernmental revenues reported in the December 31, 2023, basic financial
statements to the expenditures of the County administered federal programs reported on the Schedule of
Expenditures of Federal Awards:
Federal/ Less
State State Federal
Revenue Revenue Adjustments Expenditures
PRIMARY GOVERNMENT
GENERAL FUND
Payment in Lieu of Taxes (PILT) $ 222,465 $ - $ - $ 222,465
Forest Service Schools and Roads Clusters 45,671 - - 45,671
COVID-19 Coronavirus Emergency Supplemental Funding 25,290 - - 25,290
Child Support Enforcement 71,903 - - 71,903
Foster Care - Title IV-E 4,947 - - 4,947
Emergency Management Performance Grants 17,306 - - 17,306
Local Assistance and Tribal Consistency 296,204 - - 296,204
Community Wildfire Protection Grant 5,000 - - 5,000
Other programs 833,396 ( 833,396) - -
TOTAL GENERAL FUND 1,522,182 ( 833,396) - 688,786
OTHER MAJOR FUNDS
Sherriff Road Patrol
Non-cash Award 28,283 - - 28,283
Cooperative Law Enforcement Operating & Financial Plan 6,075 - - 6,075
Edward Byrne Memorial Justice Assistance Grant Program 20,000 - - 20,000
Boating Safety Financial Assistance 8,500 - - 8,500
Other grants 30,144 (30,144) - -
Total Sheriff Road Patrol 93,002 (30,144) - 62,858
Debt Service Fund
Local Assistance and Tribal Consistency 296,204 - - 296,204
TOTAL OTHER MAJOR FUNDS 389,206 (30,144) - 359,062
NONMAJOR GOVERNMENTAL FUNDS
Cooperative Reimbursement - Friend of the Court 193,444 - - 193,444
Federal Incentive Payments - FOC 8,733 - - 8,733
Public Safety Partnership and Community Policing Grants 58,011 - - 58,011
State and Community Highway Safety 67,635 - - 67,635
Other grants 685,620 ( 685,620) - -
TOTAL NONMAJOR GOVERNMENTAL FUNDS 1,013,443 ( 685,620) - 327,823
Outstanding community facilities loans and grants cluster debt - - 1,000,238 1,000,238
TOTAL PRIMARY GOVERNMENT $ 2,924,831 $ (1,549,160) $ 1,000,238 $ 2,375,909