Audit 317812

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The County’s summary of significant accounting policies is presented in Note 1 in the County’s basic financial statements. Amounts reported in the Schedule are recognized on the modified accrual basis when they become a demand on current available federal resources and eligibility requirements are met, or on the accrual basis at the time liabilities are incurred and all eligibility requirements are met, depending on the basis of accounting used by the respective fund except for the following programs, which are reported in the schedule of expenditures of federal awards on the cash basis: SNAP Cluster 10.551 & 10.561 Guardianship Assistance Recovery 93.090 Temporary Assistance for Needy Families Cluster 93.558 Child Support Enforcement 93.563 Low-Income Home Energy Assistance 93.568 CCDF Cluster 93.575 & 93.596 Stephanie Tubbs Jones Child Welfare Services Program 93.645 Foster Care Title IV-E 93.658 Adoption Assistance 93.659 Social Services Block Grant 93.667 Elder Abuse Prevention Interventions Program 93.747 When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable regulatory guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The County has elected to use the 10% de minimus indirect cost rate as well as the modified total direct cost allocation base on the major programs, as allowed under the Uniform Guidance The County’s summary of significant accounting policies is presented in Note 1 in the County’s basic financial statements. Amounts reported in the Schedule are recognized on the modified accrual basis when they become a demand on current available federal resources and eligibility requirements are met, or on the accrual basis at the time liabilities are incurred and all eligibility requirements are met, depending on the basis of accounting used by the respective fund except for the following programs, which are reported in the schedule of expenditures of federal awards on the cash basis: SNAP Cluster 10.551 & 10.561 Guardianship Assistance Recovery 93.090 Temporary Assistance for Needy Families Cluster 93.558 Child Support Enforcement 93.563 Low-Income Home Energy Assistance 93.568 CCDF Cluster 93.575 & 93.596 Stephanie Tubbs Jones Child Welfare Services Program 93.645 Foster Care Title IV-E 93.658 Adoption Assistance 93.659 Social Services Block Grant 93.667 Elder Abuse Prevention Interventions Program 93.747 When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable regulatory guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.

Title: HUMAN SERVICE PROGRAMS Accounting Policies: The County’s summary of significant accounting policies is presented in Note 1 in the County’s basic financial statements. Amounts reported in the Schedule are recognized on the modified accrual basis when they become a demand on current available federal resources and eligibility requirements are met, or on the accrual basis at the time liabilities are incurred and all eligibility requirements are met, depending on the basis of accounting used by the respective fund except for the following programs, which are reported in the schedule of expenditures of federal awards on the cash basis: SNAP Cluster 10.551 & 10.561 Guardianship Assistance Recovery 93.090 Temporary Assistance for Needy Families Cluster 93.558 Child Support Enforcement 93.563 Low-Income Home Energy Assistance 93.568 CCDF Cluster 93.575 & 93.596 Stephanie Tubbs Jones Child Welfare Services Program 93.645 Foster Care Title IV-E 93.658 Adoption Assistance 93.659 Social Services Block Grant 93.667 Elder Abuse Prevention Interventions Program 93.747 When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable regulatory guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The County has elected to use the 10% de minimus indirect cost rate as well as the modified total direct cost allocation base on the major programs, as allowed under the Uniform Guidance The County’s Department of Human Services operates several federally funded human services programs where benefits are provided to qualified citizens. The benefit distribution method consists of participants receiving benefits using a state-maintained electronic banking card (EBT) instead of the County’s cash disbursements. The Colorado Department of Human Services provided total EBT authorizations to qualified citizens in the County, in the amount of $726,456. The revenue and expenditures associated with these federal programs are recognized in the County’s basic financial statements

Title: BASIS OF PRESENTATION Accounting Policies: The County’s summary of significant accounting policies is presented in Note 1 in the County’s basic financial statements. Amounts reported in the Schedule are recognized on the modified accrual basis when they become a demand on current available federal resources and eligibility requirements are met, or on the accrual basis at the time liabilities are incurred and all eligibility requirements are met, depending on the basis of accounting used by the respective fund except for the following programs, which are reported in the schedule of expenditures of federal awards on the cash basis: SNAP Cluster 10.551 & 10.561 Guardianship Assistance Recovery 93.090 Temporary Assistance for Needy Families Cluster 93.558 Child Support Enforcement 93.563 Low-Income Home Energy Assistance 93.568 CCDF Cluster 93.575 & 93.596 Stephanie Tubbs Jones Child Welfare Services Program 93.645 Foster Care Title IV-E 93.658 Adoption Assistance 93.659 Social Services Block Grant 93.667 Elder Abuse Prevention Interventions Program 93.747 When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance or other applicable regulatory guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: Y Rate Explanation: The County has elected to use the 10% de minimus indirect cost rate as well as the modified total direct cost allocation base on the major programs, as allowed under the Uniform Guidance The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of San Miguel County, Colorado (the County) under programs of the federal government for the year ended December 31, 2023. The information 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 County, it is not intended to and does not present the financial position or changes in net position or fund balance of the County