Audit 336608

FY End
2023-12-31
Total Expended
$1.83M
Findings
0
Programs
18
Organization: Huerfano County (CO)
Year: 2023 Accepted: 2025-01-08

Organization Exclusion Status:

Checking exclusion status...

Contacts

Name Title Type
DL84BCKRKZC7 Carl Young Auditee
7197383485 Jim Hinkle Auditor
No contacts on file

Notes to SEFA

Title: Note 1: Basis of Presentation Accounting Policies: "Expenditures reported on the Schedule are generally reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the Cost Principles in Office of Management and Budget Circular A-87, Cost Principles for State, Local and Indian Tribal Governments or the cost principles contained in the Uniform Guidance. As such, certain types of expenditures are not allowable or are limited as to reimbursement" De Minimis Rate Used: N Rate Explanation: "The County has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance" "The accompanying schedule of expenditures of federal awards 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, using the modified 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. Therefore, some amounts presented in this schedule may differ from amounts presented in the financial statements."
Title: Note 2: Summary of Significant Accounting Policies Accounting Policies: "Expenditures reported on the Schedule are generally reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the Cost Principles in Office of Management and Budget Circular A-87, Cost Principles for State, Local and Indian Tribal Governments or the cost principles contained in the Uniform Guidance. As such, certain types of expenditures are not allowable or are limited as to reimbursement" De Minimis Rate Used: N Rate Explanation: "The County has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance" "Expenditures reported on the Schedule are generally reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the Cost Principles in Office of Management and Budget Circular A-87, Cost Principles for State, Local and Indian Tribal Governments or the cost principles contained in the Uniform Guidance. As such, certain types of expenditures are not allowable or are limited as to reimbursement"
Title: Note 3: Subrecipients Accounting Policies: "Expenditures reported on the Schedule are generally reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the Cost Principles in Office of Management and Budget Circular A-87, Cost Principles for State, Local and Indian Tribal Governments or the cost principles contained in the Uniform Guidance. As such, certain types of expenditures are not allowable or are limited as to reimbursement" De Minimis Rate Used: N Rate Explanation: "The County has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance" "The County did not pass through any federal funds to sub-recipients during the year ended December 31, 2022."
Title: Note 4: De minimis Cost Rate Accounting Policies: "Expenditures reported on the Schedule are generally reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the Cost Principles in Office of Management and Budget Circular A-87, Cost Principles for State, Local and Indian Tribal Governments or the cost principles contained in the Uniform Guidance. As such, certain types of expenditures are not allowable or are limited as to reimbursement" De Minimis Rate Used: N Rate Explanation: "The County has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance" "The County has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance"