Notes to SEFA
Title: Reporting Entity
Accounting Policies: Expenditures 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Carver County has elected to use the 10% de minimis indirect cost rate
allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards presents the activities of federal award programs expended by Carver County. Carver County’s financial statements include the operations of the Carver County Community Development Agency (CDA) component unit, which expended $1,543,696 in federal awards during the year ended December 31, 2023, which are not included in the Schedule of Expenditures of Federal Awards. The Carver County CDA has its own single audit. The County’s reporting entity is defined in Note 1 to the financial statements.
Title: Basis of Accounting
Accounting Policies: Expenditures 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Carver County has elected to use the 10% de minimis indirect cost rate
allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Carver County under programs of the federal government for the year ended
December 31, 2023. 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 Carver County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Carver County.
Title: Reconciliation to Schedule of Intergovernmental Revenue
Accounting Policies: Expenditures 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: Carver County has elected to use the 10% de minimis indirect cost rate
allowed under the Uniform Guidance.
Federal grant revenue per Schedule of
Intergovernmental Revenue $ 18,737,596
Grants received more than 60 days after year-end, unavailable in 2023
Drug Court Discretionary Grant Program 52,728
Girls in the Juvenile Justice System 7,353
Highway Planning and Construction 279,045
Epidemiology and Laboratory Capacity for Infectious
Diseases (ELC) -- COVID 2,523
Promoting Safe and Stable Families 1,410
Temporary Assistance for Needy Families 31,970
Stephanie Tubbs Jones Child Welfare Services Program 1,404
Emergency Management Performance Grants 59,317
Unavailable in 2022, recognized as revenue in 2023
Great Lakes Restoration (1,295)
Immunization Cooperative Agreements (325,515)
Stephanie Tubbs Jones Child Welfare Services
Program (3,420)
Chafee Foster Care Independence Program (8,709)
Emergency Management Performance Grants (54,096)
Expenditures Per Schedule of Expenditures of
Federal Awards $ 18,780,311