Notes to SEFA
Title: Note 1: Reporting Entity
Accounting Policies: The County of Indiana (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements. The accompanying schedule of expenditures is presented using the modified accrual basis of accounting, which is described in Note 1 to the County's financial statements. The County did not use the 10% de minimus indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The County did not use the 10% de minimus indirect cost rate.
The County of Indiana (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements/
Title: Note 3: Component Units Not Included
Accounting Policies: The County of Indiana (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements. The accompanying schedule of expenditures is presented using the modified accrual basis of accounting, which is described in Note 1 to the County's financial statements. The County did not use the 10% de minimus indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The County did not use the 10% de minimus indirect cost rate.
The accompanying Schedule of Expenditures of Federal Awards does not include expenditures of the Indiana County Municipal Services Authority and the Highridge Water Authority. We did not include the aforementioned entities because they engaged auditors, if applicable, to perform an audit in accordance with Uniform Guidance.
Title: Note 4: DCED Contract Numbers
Accounting Policies: The County of Indiana (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements. The accompanying schedule of expenditures is presented using the modified accrual basis of accounting, which is described in Note 1 to the County's financial statements. The County did not use the 10% de minimus indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The County did not use the 10% de minimus indirect cost rate.
The County received Pennsylvania Department of Community and Economic Development funding from the following contracts:
Title: Note 5: Revolving Loan Federal Expenditures Calculation
Accounting Policies: The County of Indiana (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements. The accompanying schedule of expenditures is presented using the modified accrual basis of accounting, which is described in Note 1 to the County's financial statements. The County did not use the 10% de minimus indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The County did not use the 10% de minimus indirect cost rate.
The following amounts were used to calculate the federal expeditures on the SEFA for the Economic Adjustment Assistance Loan Program: