Notes to SEFA
Title: Note 1
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
Denotes major program
Title: Note 2
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
Basis of Presentation
Title: Note 3
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
Summary of Significant Accounting Policies
Title: Note 4
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimus cost rate.
County did not have any subrecipients for the year ended June 30, 2023