Notes to SEFA
Accounting Policies: Note 1. Summary of Significant Accounting Policies
A. Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal
grant activity of the County under programs of the federal government for the year ended
December 31, 2023. The information in the SEFA 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 SEFA presents only a select portion of the operations of the County,
it is not intended to and does not present the financial position of the County.
B. Other Significant Accounting Policies
Expenditures reported on the SEFA are reported on the cash basis of accounting. Such
expenditures are recognized following, as applicable, either the cost principles in OMB
Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost
principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowed or are limited as to reimbursement. When federal grants are received on a
reimbursement basis, the federal awards are considered expended when the reimbursement
is received.
De Minimis Rate Used: N
Rate Explanation: Note 2. Indirect Cost Rate
The County has elected not to use the 10 percent de minimis indirect cost rate allowed under the
Uniform Guidance.