Title: Forgiveable Loan
Accounting Policies: The accompany Schedule of Expenditures of Federal Awards (the Schedule) inclues the federal award activity of Sullivan County, New Hampshire (the County) under programs of the federal government for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 of the County.
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 to reimbursement.
Expenditures awarded from the Federal Emergency Management Agency (FEMA), must be presented on the Schedule when; 1) FEMA has approved the County's project worksheet (PW) and 2) the County has incurred the eligble expenditures. The $370,817 reported for Disaster Grants - Public Assistance (Publicly Declared Disasters), AL 97.036, represents expenditures incurred in prior years that were approved by FEMA during fiscal year 2023.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During fiscal year 2023, the County received a forgivable loan under the Coronavirus State and Local Fiscal Recovery Funds from the New Hampshire Governor's Office for Emergency Relief and Recovery. Of the amounts reported under Assistance Listing 21.027 the loan balance at June 30, 2023 is $826,453.
Title: Donated Personal Protective Equipment (PPE) (UNAUDITED)
Accounting Policies: The accompany Schedule of Expenditures of Federal Awards (the Schedule) inclues the federal award activity of Sullivan County, New Hampshire (the County) under programs of the federal government for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 of the County.
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 to reimbursement.
Expenditures awarded from the Federal Emergency Management Agency (FEMA), must be presented on the Schedule when; 1) FEMA has approved the County's project worksheet (PW) and 2) the County has incurred the eligble expenditures. The $370,817 reported for Disaster Grants - Public Assistance (Publicly Declared Disasters), AL 97.036, represents expenditures incurred in prior years that were approved by FEMA during fiscal year 2023.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During fiscal year 2023, the County did not receive donated PPE from federal sources.
Title: Subrecipients
Accounting Policies: The accompany Schedule of Expenditures of Federal Awards (the Schedule) inclues the federal award activity of Sullivan County, New Hampshire (the County) under programs of the federal government for the year ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 of the County.
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 to reimbursement.
Expenditures awarded from the Federal Emergency Management Agency (FEMA), must be presented on the Schedule when; 1) FEMA has approved the County's project worksheet (PW) and 2) the County has incurred the eligble expenditures. The $370,817 reported for Disaster Grants - Public Assistance (Publicly Declared Disasters), AL 97.036, represents expenditures incurred in prior years that were approved by FEMA during fiscal year 2023.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Of the federal expenditures presented in the Schedule, the County did not provide federal awards to subrecipients.