Notes to SEFA
Title: Reporting Entity
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, for all awards. Under the Uniform Guidance, certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: Becker County has elected to not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule of expenditures of federal awards presents the activities of federal award programs expended by Becker County and the Becker County Economic Development Authority (EDA), a component unit of the County. For the year ended December 31, 2023, the level of federal funding for the Becker County EDA did not require a separate single audit to be performed for the
component unit. The schedule does not include the federal expenditures of the Sunnyside Care Center enterprise fund because it was audited by other auditors. The County’s reporting entity is defined in Notes 1 and 6 to the financial statements.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, for all awards. Under the Uniform Guidance, certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: Becker County has elected to not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Becker County under programs of the federal government for the year ended December 31, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Becker County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Becker County.
Title: Subrecipients
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, for all awards. Under the Uniform Guidance, certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: Becker County has elected to not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Becker County did not pass federal funds to subrecipients.
Title: Reconciliation to the Schedule of Intergovernmental Revenue
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, for all awards. Under the Uniform Guidance, certain types of expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: Becker County has elected to not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal Grant Revenue per Schedule of
Intergovernmental Revenue: $ 5,104,138
Expenditures above, not included as revenues
on the Schedule of Intergovernmental
Revenues 1,821,262
Revenues included on the Schedule of
Intergovernmental Revenue that are not
considered Federal Grant Expenditures (25,801)
Expenditures per the Schedule of Expenditures
of Federal Awards $ 6,899,599