Title: 1A. Reporting Entity
Accounting Policies: The reporting entity for Jones County includes all funds, organizations, agencies, boards, commissions and authorities. The financial statements present Jones County (the primary government) and its component units. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Jone County under programs of the federal government for the year ended June 30, 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). Programs listed in the Assistance Listing (AL) are so identified. In accordance with the Uniform Guidance, federal financial assistance is defined as assistance with non-federal entitie receive or administer in the form of grants, cooperative agreements, non-cash contributions or donations of property (including donated surplus property), direct appropriations, food commodities, loans, loan guarantees, interest subsidies, insurance and other assistance, but does not include the amounts received as reimbursement for services rendered to individuals.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Jones County uses the indirect cost rate specified in the award agreement.
For financial reporting purposes, Jones County has included all funds, organizations, agencies, boards, commissions and authorities.
Title: 1B. Basis of Presentation
Accounting Policies: The reporting entity for Jones County includes all funds, organizations, agencies, boards, commissions and authorities. The financial statements present Jones County (the primary government) and its component units. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Jone County under programs of the federal government for the year ended June 30, 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). Programs listed in the Assistance Listing (AL) are so identified. In accordance with the Uniform Guidance, federal financial assistance is defined as assistance with non-federal entitie receive or administer in the form of grants, cooperative agreements, non-cash contributions or donations of property (including donated surplus property), direct appropriations, food commodities, loans, loan guarantees, interest subsidies, insurance and other assistance, but does not include the amounts received as reimbursement for services rendered to individuals.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Jones County uses the indirect cost rate specified in the award agreement.
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Jones County under programs of the federal government for the year ended June 30, 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). Programs listed in the Assistance Listing (AL) are so identified.In accordance with the Uniform Guidance, federal financial assistance is defined as assistance which non-federal entities receive or administer in the form of grants, cooperative agreements, non-cash contributions or donations of property (including donated surplus property), direct appropriations, food commodities, loans, loan guarantees, interest subsidies, insurance and other assistance, but does not include amounts received as reimbursement for services rendered to individuals. Because the Schedule presents only a selected portion of the operations of Jones County, it is not intended to and does not present the financial position or the changes in net position of Jones County. Type A programs, as defined by Uniform Guidance, are those programs for Jones County which exceeded $750,000 in federal awards expended during the year ended June 30, 2022.
Title: 1C. Basis of Accounting
Accounting Policies: The reporting entity for Jones County includes all funds, organizations, agencies, boards, commissions and authorities. The financial statements present Jones County (the primary government) and its component units. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Jone County under programs of the federal government for the year ended June 30, 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). Programs listed in the Assistance Listing (AL) are so identified. In accordance with the Uniform Guidance, federal financial assistance is defined as assistance with non-federal entitie receive or administer in the form of grants, cooperative agreements, non-cash contributions or donations of property (including donated surplus property), direct appropriations, food commodities, loans, loan guarantees, interest subsidies, insurance and other assistance, but does not include the amounts received as reimbursement for services rendered to individuals.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Jones County uses the indirect cost rate specified in the award agreement.
Expenditures reported on the Schedule are presented on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: 1D. Indirect Cost Rate
Accounting Policies: The reporting entity for Jones County includes all funds, organizations, agencies, boards, commissions and authorities. The financial statements present Jones County (the primary government) and its component units. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Jone County under programs of the federal government for the year ended June 30, 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). Programs listed in the Assistance Listing (AL) are so identified. In accordance with the Uniform Guidance, federal financial assistance is defined as assistance with non-federal entitie receive or administer in the form of grants, cooperative agreements, non-cash contributions or donations of property (including donated surplus property), direct appropriations, food commodities, loans, loan guarantees, interest subsidies, insurance and other assistance, but does not include the amounts received as reimbursement for services rendered to individuals.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Jones County uses the indirect cost rate specified in the award agreement.
Jones County has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
Title: 1E. Grantees
Accounting Policies: The reporting entity for Jones County includes all funds, organizations, agencies, boards, commissions and authorities. The financial statements present Jones County (the primary government) and its component units. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Jone County under programs of the federal government for the year ended June 30, 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). Programs listed in the Assistance Listing (AL) are so identified. In accordance with the Uniform Guidance, federal financial assistance is defined as assistance with non-federal entitie receive or administer in the form of grants, cooperative agreements, non-cash contributions or donations of property (including donated surplus property), direct appropriations, food commodities, loans, loan guarantees, interest subsidies, insurance and other assistance, but does not include the amounts received as reimbursement for services rendered to individuals.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Jones County uses the indirect cost rate specified in the award agreement.
Assistance received directly from the federal government is shown by the grantee receiving the funds. Assistance received from other entities is so noted.