Title: Note 1: Reporting Entity
Accounting Policies: The Schedule of Expenditures of Federal Awards have been prepared on a basis consistent with that used in the preparation of the basic financial statements. As described in Note 1 to the financial statement, the modified accrual basis of accounting is used. 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 County of Bedford, it is not intended to and does not present the financial position, changes in net assets or cash flows of County of Bedford.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimus indirect cost rate.
For the financial reporting purposes, the reporting entity of the County of Bedford, as defined in Note 1 to the financial statements, incorporates several discretely presented component units. Since the County does no process transactions or maintain control systems for these component units, the Schedule of Expenditures of Federal Awards exclude the discretely presented component units. The excluded component units are comprised of the following:
• Bedford County Industrial Development Authority
• Bedford County Visitors Bureau
• Bedford County Airport Authority
Where applicable, a separate Single Audit report has been issued by the individual component unit.
Title: Note 2: Summary of Accounting Policies
Accounting Policies: The Schedule of Expenditures of Federal Awards have been prepared on a basis consistent with that used in the preparation of the basic financial statements. As described in Note 1 to the financial statement, the modified accrual basis of accounting is used. 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 County of Bedford, it is not intended to and does not present the financial position, changes in net assets or cash flows of County of Bedford.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimus indirect cost rate.
Federal Loan Guarantee Programs
The County of Bedford did not have any federal loan guarantee programs to report for the year ended December 31, 2023, as described in 2 CFR section 200.502(b)
Title: Note 3: Subrecipients
Accounting Policies: The Schedule of Expenditures of Federal Awards have been prepared on a basis consistent with that used in the preparation of the basic financial statements. As described in Note 1 to the financial statement, the modified accrual basis of accounting is used. 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 County of Bedford, it is not intended to and does not present the financial position, changes in net assets or cash flows of County of Bedford.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimus indirect cost rate.
The County of Bedford provided federal awards to subrecipients, which administer the programs on behalf of the County, as follows:
Title: Note 4: Joinder Operations
Accounting Policies: The Schedule of Expenditures of Federal Awards have been prepared on a basis consistent with that used in the preparation of the basic financial statements. As described in Note 1 to the financial statement, the modified accrual basis of accounting is used. 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 County of Bedford, it is not intended to and does not present the financial position, changes in net assets or cash flows of County of Bedford.
De Minimis Rate Used: N
Rate Explanation: The County did not elect to use the 10% de minimus indirect cost rate.
The County of Bedford participated in two (2) joinder operation in which two (2) or more counties pool their resources for the administration of a specific program:
• Bedford-Somerset Developmental & Behavioral Health Services
• Huntingdon-Fulton-Bedford Area Agency on Aging
Additional information on the joinder operations can be found in Note 1 in the Notes to the Financial Statements.