Notes to SEFA
Title: Note 3 - Program Costs
Accounting Policies: The schedule is prepared on the same basis of accounting as the county's financial statements. The county uses the modified accrual basis of accounting for governmental funds and full accrual basis for proprietary funds.
De Minimis Rate Used: N
Rate Explanation: The amount expended includes amounts claimed as indirect cost recovery using an approved indirect rate provided by individual contracts to the following programs:
93.069 - 17,873
16.588 - 1,480
10.665 - 1,006
Total - 20,359
The County has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the County's portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles OMB Circular A-87, Cost Principles for State Local, and Indian Triba Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 4 - Prior Year Expenditures Included in the Current Year Schedule of Expenditures of Federal Awards
Accounting Policies: The schedule is prepared on the same basis of accounting as the county's financial statements. The county uses the modified accrual basis of accounting for governmental funds and full accrual basis for proprietary funds.
De Minimis Rate Used: N
Rate Explanation: The amount expended includes amounts claimed as indirect cost recovery using an approved indirect rate provided by individual contracts to the following programs:
93.069 - 17,873
16.588 - 1,480
10.665 - 1,006
Total - 20,359
The County has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
During the fiscal year ended December 31, 2023, the County identified certain federal program expenditures related to the prior fiscal year that had not been reported in the previous year's Schedule of Expenditures of Federal Awards (SEFA). These expenditures were incurred in fiscal year 2022 but were recorded in the current fiscal year. As a result, the current year's SEFA includes [$216,594] of expenditures related to these prior periods.