Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Sioux
County presented on the cash basis of accounting. Expenditures are recognized following the cost principles contained in the
Uniform Guidance and OMB Circular A-87. 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).
De Minimis Rate Used: N
Rate Explanation: No indirect costs are allocated, therefore no indirect cost rate is needed.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Sioux
County presented on the cash basis of accounting. Expenditures are recognized following the cost principles contained in the
Uniform Guidance and OMB Circular A-87. 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). Therefore, some amounts presented in this schedule may differ from amounts presented
in, or used in the preparation of, the financial statements. The County has not elected to use the 10% de minimis indirect cost rate
as allowed under the Uniform Guidance.