Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity
of Woodbury County and its discretely presented component unit is presented on the cash basis
of accounting. Expenditures are recognized following the cost principles contained in the Uniform
Guidance. 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). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: No indirect costs are allocated, therfore no indirect cost rate is needed.
The accompanying schedule of expenditures of federal awards includes the federal grant activity
of Woodbury County and its discretely presented component unit is presented on the cash basis
of accounting. Expenditures are recognized following the cost principles contained in the Uniform
Guidance. 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). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements. Neither the County nor its component unit have elected
to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: State Children’s Insurance Program
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity
of Woodbury County and its discretely presented component unit is presented on the cash basis
of accounting. Expenditures are recognized following the cost principles contained in the Uniform
Guidance. 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). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: No indirect costs are allocated, therfore no indirect cost rate is needed.
Woodbury County was awarded $1,680 that was passed through from Iowa Department of
Human Services and $21,118 that was passed through from the Iowa Department of Public
Health for a total of $22,798 from the State Children’s Insurance Program.
Title: Medicaid Cluster
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity
of Woodbury County and its discretely presented component unit is presented on the cash basis
of accounting. Expenditures are recognized following the cost principles contained in the Uniform
Guidance. 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). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: No indirect costs are allocated, therfore no indirect cost rate is needed.
Woodbury County was awarded $111,154 that was passed through from Iowa Department of
Human Services and $124,771 that was passed through from the Iowa Department of Public
Health for a total of $235,925 from the Medicaid Cluster Program.