Notes to SEFA
Accounting Policies: Expenditures in the schedules are presented in accordance with the modified accrual basis of accounting and are
generally in agreement with expenditures reported in the County’s 2023 fund financial statements. Accounts
receivable at year-end consists of federal and state program expenditures scheduled for reimbursement to the
County in the succeeding year while unearned revenue represents advances for federal and state programs that
exceed recorded County expenditures. Because of subsequent program adjustments, these amounts may differ
from the prior year’s ending balances. Such expenditures are recognized following the cost principles contained in
the Uniform Guidance and State Single Audit Guidelines, wherein certain types of expenditures are not allowable
or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: n/a