Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The SEFA is presented in accordance with accounting principles generally accepted in theUnited States of America and is derived from the County’s general ledger. Federal expendituresare recorded when an allowable cost is incurred under the applicable program and is due andpayable. For programs with funding ceilings and caps, federal expenditures are only recordedand presented in the SEFA up to such amounts.
De Minimis Rate Used: N
Rate Explanation: The County has notelected to use the 10 percent de minimis indirect cost rate as allowed under the UniformGuidance.
Pass-Through Programs
Where the County of Madison, New York (the County) receives funds from a government entityother than the federal government (pass-through), the funds are accumulated based upon theAssistance Listing number when advised by the pass through grantor. Identifying numbers, otherthan Assistance Listing numbers, which may be assigned by pass-through grantors, are notmaintained in the County’s financial management system. County management has identifiedcertain pass-through identifying numbers and included them in the schedule of expenditures offederal awards (SEFA).
Non-Monetary Federal Programs
The County is awarded financial assistance programs that do not result in cash receipts ordisbursements, termed “non-monetary programs.” During the fiscal year ended December 31,2023, the County distributed $92,772,147 of medical services and goods that were received byparticipants in the Medical Assistance Program (AL# 93.778), and $3,863,309 of energyassistance to eligible persons under the Low-Income Home Energy Assistance Program(AL#93.568), as listed in the accompanying schedule.
Title: BASIS OF ACCOUNTING
Accounting Policies: The SEFA is presented in accordance with accounting principles generally accepted in theUnited States of America and is derived from the County’s general ledger. Federal expendituresare recorded when an allowable cost is incurred under the applicable program and is due andpayable. For programs with funding ceilings and caps, federal expenditures are only recordedand presented in the SEFA up to such amounts.
De Minimis Rate Used: N
Rate Explanation: The County has notelected to use the 10 percent de minimis indirect cost rate as allowed under the UniformGuidance.
The SEFA is presented in accordance with accounting principles generally accepted in theUnited States of America and is derived from the County’s general ledger. Federal expendituresare recorded when an allowable cost is incurred under the applicable program and is due andpayable. For programs with funding ceilings and caps, federal expenditures are only recordedand presented in the SEFA up to such amounts.
Title: INDIRECT COSTS
Accounting Policies: The SEFA is presented in accordance with accounting principles generally accepted in theUnited States of America and is derived from the County’s general ledger. Federal expendituresare recorded when an allowable cost is incurred under the applicable program and is due andpayable. For programs with funding ceilings and caps, federal expenditures are only recordedand presented in the SEFA up to such amounts.
De Minimis Rate Used: N
Rate Explanation: The County has notelected to use the 10 percent de minimis indirect cost rate as allowed under the UniformGuidance.
Indirect costs are included in the reported expenditures to the extent such costs are included inthe federal financial reports used as the source for the data presented. The County has notelected to use the 10 percent de minimis indirect cost rate as allowed under the UniformGuidance.
Title: MATCHING COSTS
Accounting Policies: The SEFA is presented in accordance with accounting principles generally accepted in theUnited States of America and is derived from the County’s general ledger. Federal expendituresare recorded when an allowable cost is incurred under the applicable program and is due andpayable. For programs with funding ceilings and caps, federal expenditures are only recordedand presented in the SEFA up to such amounts.
De Minimis Rate Used: N
Rate Explanation: The County has notelected to use the 10 percent de minimis indirect cost rate as allowed under the UniformGuidance.
Matching costs (i.e., the County’s share of certain program costs) are not included in theschedule of expenditures of federal awards.