Notes to SEFA
Title: Note 1 - Basis of Accounting
Accounting Policies: Note 1 - Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the County's financial statements. The County uses the modified accrual basis for its governmental fund types and the accrual basis of accounting for the proprietary and fiduciary fund types.
De Minimis Rate Used: Y
Rate Explanation: Note 2 - Indirect Cost Rate: For 2023, Snohomish County has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the County's financial statements. The County uses the modified accrual basis for its governmental fund types and the accrual basis of accounting for the proprietary and fiduciary fund types.
Title: Note 2 - Indirect Cost Rate
Accounting Policies: Note 1 - Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the County's financial statements. The County uses the modified accrual basis for its governmental fund types and the accrual basis of accounting for the proprietary and fiduciary fund types.
De Minimis Rate Used: Y
Rate Explanation: Note 2 - Indirect Cost Rate: For 2023, Snohomish County has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
For 2023, Snohomish County has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 3 - Program Costs
Accounting Policies: Note 1 - Basis of Accounting: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the County's financial statements. The County uses the modified accrual basis for its governmental fund types and the accrual basis of accounting for the proprietary and fiduciary fund types.
De Minimis Rate Used: Y
Rate Explanation: Note 2 - Indirect Cost Rate: For 2023, Snohomish County has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenditures represent only the federal award portion of the program costs. Entire program costs, including the County’s portion, are more than shown. Such expenditures are recognized following 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.