Notes to SEFA
Title: Note 2 - Program Costs
Accounting Policies: Note 1 - Basis of Accounting
This schedule is prepared on the same basis of accounting as Skagit County's financial statements.
Skagit County, in compliance with generally accepted accounting practices, uses modified accrual
accounting for government funds and accrual accounting for proprietary funds.
De Minimis Rate Used: N
Rate Explanation: Note 3 - Indirect cost rate
Skagit County has not elected to use the 10-percent de minimis indirect cost rate allowed under Uniform
Guidance.
The amount expended includes a percentage claimed as an indirect cost recovery using an approved
indirect cost rate. These rates are as shown below:
(a) 2%, (b) 15%, (c) 10% (d) 19.50%, (e) 24.47%, (f) 25%, (g) 30%
The amounts shown as current year expenditures represent only the federal grant portion of the program
costs. Entire program costs, including Skagit County's portion, are more than shown. Such expenditures
are recognized following, as applicable, either the cost principles in the OMS Circular A-87, Cost
Principles for State, Local, and Indian Tribal 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 - NonCash awards - Vouchers
Accounting Policies: Note 1 - Basis of Accounting
This schedule is prepared on the same basis of accounting as Skagit County's financial statements.
Skagit County, in compliance with generally accepted accounting practices, uses modified accrual
accounting for government funds and accrual accounting for proprietary funds.
De Minimis Rate Used: N
Rate Explanation: Note 3 - Indirect cost rate
Skagit County has not elected to use the 10-percent de minimis indirect cost rate allowed under Uniform
Guidance.
The amount expended includes a percentage claimed as an indirect cost recovery using an approved
indirect cost rate. These rates are as shown below:
(a) 2%, (b) 15%, (c) 10% (d) 19.50%, (e) 24.47%, (f) 25%, (g) 30%
The amount of vouchers reported on the schedule is the value of food vouchers received by
Skagit County during 2022 and priced as prescribed by the Department of Agriculture.