Notes to SEFA
Title: DE MINIMIS INDIRECT COST RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Stewart County, Georgia (the "County) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The County did not use the 10% de minimis indirect cost rate for the year ended December 31, 2023.
Title: Non-Cash Awards
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of Stewart County, Georgia (the "County) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no federal awards expendend in the form of noncash assistance during the year. There were also no loans or loan guaramtees outstanding at year-end.