Notes to SEFA
Title: NOTE A . BASIS OF PRESENTATION
Accounting Policies: SEE NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
De Minimis Rate Used: N
Rate Explanation: The County has elected to not use the l0% de minimus indirect cost rate on the major programs, as
allorved under the Uniform Guidance
The accompanying schedule ofexpenditures offederal awards (the Schedule) includes the federal award
activity of Ouray County, Colorado (the County) under programs ofthe federal govemmenl for the year
ended December 3 I , 2023. The information 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 ofthe operations ofthe County, it is not intended
to and does not present the financial position or changes in net position or fund balance offte County
Title: NOTE B _ SUMMAITY OF SICNIFICANT ACCOUNTINC POLICIES
Accounting Policies: SEE NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
De Minimis Rate Used: N
Rate Explanation: The County has elected to not use the l0% de minimus indirect cost rate on the major programs, as
allorved under the Uniform Guidance
The County's summary of significant accounting policies is presented in Note I in lhe County's basic
financial statements. Amounts reported in the Schedule are recognized on the modified accrual basis
when they become a demand on current available federal resources and eligibility requiremenls are met,
or on the accrual basis at the time liabilities are incuned and all eligibility requirements are met,
depending on the basis of accounting used by the respective fund except for the tbllowing programs,
which are reported in the schedule ofexpenditures of federal awards on the cash basis:When applicable, such expenditures are recognized following the cost principles contained in the
Uniform Guidancc or other applicable regulatory guidance, wherein certain lypes ofexpenditures are
not allorvable or arc limited as to reimbursement
Title: NOTE C - INDIRECT COSTS RATE
Accounting Policies: SEE NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
De Minimis Rate Used: N
Rate Explanation: The County has elected to not use the l0% de minimus indirect cost rate on the major programs, as
allorved under the Uniform Guidance
The County has elected to not use the l0% de minimus indirect cost rate on the major programs, as
allorved under the Uniform Guidance
Title: NOTE D _ }IUMAN SERVICE PROGRAMS
Accounting Policies: SEE NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
De Minimis Rate Used: N
Rate Explanation: The County has elected to not use the l0% de minimus indirect cost rate on the major programs, as
allorved under the Uniform Guidance
The County's Deparmrent of Human Services operates several federally funded human services
programs where benefits are provided to qualified citizens. The benefit distribution method consists of
participants receiving benefits using a state-maintained electronic banking card (EBT) instead of the
Counly's cash disbursements