Notes to SEFA
Title: Reporting Entity
Accounting Policies: Accrual basis of accounting, Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The County of Clearfield (the "County") as the reporting entity for financial reporting purposes is defined in Note 1 to the County's financial statements.
Title: Basis of Accounting
Accounting Policies: Accrual basis of accounting, Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures is presented using the modified accrual basis of accounting, which is described in Note 1 to the County’s financial statements. The County did not use the 10% de minimis indirect cost rate.