Notes to SEFA
Title: Basis of Presentation
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: N
Rate Explanation: The auditee did not use the de minimus cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the
federal award activity of the Franklin County Commission under programs of the federal
government for the year ended September 30, 2021. 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 the Franklin County Commission, it is not intended to and does not present the
financial position, changes in net position, or cash flows of the Franklin County Commission.