Notes to SEFA
Title: Reconciliation to Schedule of Intergovernmental Revenues
Accounting Policies: Reporting EntityThe Schedule of Expenditures of Federal Awards presents the activities of federal award programs expended by Cass County. The Countys reporting entity is defined in Note 1 to the financial statements. The schedule does not include $391,858 in federal awards expended by the Cass County Housing and Redevelopment Authority component unit. The component unit is legally separate from Cass County and expended less than $750,000 of federal awards for the year ended December 31, 2022, and therefore, was not subject to the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Cass County under programs of the federal government for the year ended December 31, 2022. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedule presents only a selected portion of the operations of Cass County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Cass County.Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Reconciliation to Schedule of Intergovernmental RevenuesFederal grant revenue per Schedule of Intergovernmental Revenues$ 6,393,200Grants received more than 90 days after year-end, unavailable in 2022Highway Planning and Construction288,566Unavailable in 2021, recognized as revenue in 2022Highway Planning and Construction(8,641)Expenditures per Schedule of Expenditures of Federal Awards$ 6,673,125