Notes to SEFA
Accounting Policies: Note 1: Basis of Presentation
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Jasper County, Illinois under programs of the federal government for the year ended November 30, 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 Jasper County, Illinois, it is not intended to and does not present the financial position or changes in net assets of Jasper County, Illinois.
Note 2: Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles of State, Local, and Indian Tribal Governments, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
As a result of timing differences, the Schedule of Expenditures of Federal Awards may not reconcile to the County’s financial statements.
Note 3: Illinois Department of Human Services Additional Requirements
The County did not receive any non-cash insurance assistance and did not have any loans or loan guarantees outstanding as of November 30, 2023.
De Minimis Rate Used: Y
Rate Explanation: The Auditee elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.