Notes to SEFA
Title: REPORTING ENTITY
Accounting Policies: The COUNTY OF POTTER, (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements. For purposes of preparing the schedules of awards, the County's reporting entity is the same as was used for financial purposes.
De Minimis Rate Used: N
Rate Explanation: De minimis cost rate not used.
The COUNTY OF POTTER, (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements. For purposes of preparing the schedules of awards, the County's reporting entity is the same as was used for financial purposes.
Title: BASIS OF ACCOUNTING
Accounting Policies: The COUNTY OF POTTER, (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements. For purposes of preparing the schedules of awards, the County's reporting entity is the same as was used for financial purposes.
De Minimis Rate Used: N
Rate Explanation: De minimis cost rate not used.
The accompanying schedules of awards are presented using the modified accrual basis of accounting, which is described in Note 1 to the County's financial statements. The County did not use the 10% de minimis indirect cost rate.