Audit 331165

FY End
2024-06-30
Total Expended
$16.16M
Findings
0
Programs
36
Organization: Lyon County (NV)
Year: 2024 Accepted: 2024-12-05
Auditor: Sciarani & CO

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
66.458 Clean Water State Revolving Fund $6.63M Yes 0
21.032 Local Assistance and Tribal Consistency Fund $3.80M Yes 0
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.82M Yes 0
84.425 Education Stabilization Fund $338,176 - 0
20.106 Airport Improvement Program, Covid-19 Airports Programs, and Infrastructure Investment and Jobs Act Programs $318,399 - 0
10.557 Wic Special Supplemental Nutrition Program for Women, Infants, and Children $307,854 - 0
93.870 Maternal, Infant and Early Childhood Homevisiting Grant Program $299,957 - 0
10.665 Schools and Roads - Grants to States $219,681 - 0
15.029 Tribal Courts $166,500 - 0
16.838 Comprehensive Opioid, Stimulant, and Other Substances Use Program $158,909 - 0
20.509 Formula Grants for Rural Areas and Tribal Transit Program $142,489 - 0
93.590 Community-Based Child Abuse Prevention Grants $85,782 - 0
93.569 Community Services Block Grant $81,035 - 0
93.045 Special Programs for the Aging, Title Iii, Part C, Nutrition Services $76,398 - 0
20.526 Buses and Bus Facilities Formula, Competitive, and Low Or No Emissions Programs $71,584 - 0
93.556 Marylee Allen Promoting Safe and Stable Families Program $54,338 - 0
14.231 Emergency Solutions Grant Program $53,968 - 0
93.107 Area Health Education Centers $50,608 - 0
93.044 Special Programs for the Aging, Title Iii, Part B, Grants for Supportive Services and Senior Centers $50,532 - 0
93.645 Stephanie Tubbs Jones Child Welfare Services Program $47,790 - 0
93.967 Centers for Disease Control and Prevention Collaboration with Academia to Strengthen Public Health $46,302 - 0
93.912 Rural Health Care Services Outreach, Rural Health Network Development and Small Health Care Provider Quality Improvement $45,000 - 0
93.667 Social Services Block Grant $36,854 - 0
16.034 Coronavirus Emergency Supplemental Funding Program $29,950 - 0
93.391 Activities to Support State, Tribal, Local and Territorial (stlt) Health Department Response to Public Health Or Healthcare Crises $27,538 - 0
16.607 Bulletproof Vest Partnership Program $27,359 - 0
93.053 Nutrition Services Incentive Program $21,515 - 0
16.738 Edward Byrne Memorial Justice Assistance Grant Program $17,258 - 0
20.608 Minimum Penalties for Repeat Offenders for Driving While Intoxicated $16,907 - 0
20.600 State and Community Highway Safety $13,649 - 0
93.563 Child Support Services $11,977 - 0
93.052 National Family Caregiver Support, Title Iii, Part E $9,160 - 0
20.616 National Priority Safety Programs $4,001 - 0
16.922 Equitable Sharing Program $2,716 - 0
14.228 Community Development Block Grants/state's Program and Non-Entitlement Grants in Hawaii $858 - 0
93.493 Congressional Directives $340 - 0

Contacts

Name Title Type
UT4JJJ9N6L69 Joshua Foli Auditee
7754636510 Jim A Sciarani Auditor
No contacts on file

Notes to SEFA

Title: Note A - Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
Title: Note A - Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. activity of Lyon County under programs of the federal government for the year ending June 30, 2024.
Title: Note A - Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Title: Note A - Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Title: Note A - Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. Requirements for Federal Awards (Uniform Guidance). Because the Schedule present only a selected
Title: Note A - Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. portion of the operations of Lyon County, it is not intended to and does not present the financial position,
Title: Note A - Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. changes in net position, or cash flows of Lyon County.
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87,
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principles contained
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. credits made in the normal course of business as expenditures in prior years.
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. Indirect Costs
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions.
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with
Title: Note B - Summary of Significant Accounting Policies Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. prior budgetary approval.
Title: Note C - Commodity Food Distributions Received Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. The County reports commodities consumed on the Schedule at the fair value of the commodities received.
Title: Note D - Subrecipients Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. Lyon County passed $629,421 in federal awards received to several other governments and one nonprofit
Title: Note D - Subrecipients Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. organization.
Title: Note E - Matching Requirements Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. Certain Federal programs require Lyon County to contribute non-Federal funds (matching funds) to
Title: Note E - Matching Requirements Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. support the Federally Funded programs. Lyon County has met its matching requirements. The Schedule
Title: Note E - Matching Requirements Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. does not include the expenditure for non-Federal matching funds.
Title: Note F - Federally Funded Loan Programs Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. Lyon County authorized a general obligation/revenue bond through the Nevada Department of
Title: Note F - Federally Funded Loan Programs Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. Environmental Protection – State Revolving Fund on August 26, 2021 to pay for a portion of three
Title: Note F - Federally Funded Loan Programs Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. sewer projects. The bonds were in a drawn-down basis until the full amount of the $20,000,000
Title: Note F - Federally Funded Loan Programs Accounting Policies: Expenditures reported on the Schedule are reported on the modified accral basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for Audits of State, Local, and Indian Tribal Governments, or the cost principals contained in the Uniform Guidance wherein certain types of expenditures are not allowed or are limited as reimbursement. When applicable, negative amount shown on the Schedule represent adjustments or credits made in the normal course of business as expenditures in prior years. De Minimis Rate Used: Y Rate Explanation: The County had five grants with allowable indirect costs claimed under the Uniform Guidance provisions. The County had one grant that used the 10-percent de minimis indirect cost rate, two grants that used an 8% rate, one grant that used a 7% rate, and one grant that used a 5% rate; which were all allowed with prior budgetary approval. of the issue was expended on the sewer projects.