Notes to SEFA
Title: Basis of Presentation
Accounting Policies: SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County does not utilize the 10% de minimis indirect cost rate.
The information in the SEFA is presented in accordance with the requirements of 2 CFR Part 200, OMB's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in the SEFA may differ from the amounts presented in, or used in the preparation of the financial statements.
Title: Measurement Focus
Accounting Policies: SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County does not utilize the 10% de minimis indirect cost rate.
The determination of when an award is expended is based on when the activity related to the award occurred.
Title: Payments to Subrecipients
Accounting Policies: SEFA is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The County does not utilize the 10% de minimis indirect cost rate.
For the current year, the County did not pass federal funds through to subrecipients.