Notes to SEFA
Title: 1. Basis of presentation
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Indirect costs are only charged to the Health Center Program Cluster which may not exceed 10 percent.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Morrow County under programs of the federal government for the year ended June 30, 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 Morrow County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Morrow County.
Title: 2. Summary of significant accounting policies
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Indirect costs are only charged to the Health Center Program Cluster which may not exceed 10 percent.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: 3. Indirect cost rate
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: Indirect costs are only charged to the Health Center Program Cluster which may not exceed 10 percent.
The County has not elected to use the 10 percent deminimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs are only charged to the Health Center Program Cluster which may not exceed 10 percent.