Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the 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.
De Minimis Rate Used: N
Rate Explanation: The County elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Greene County, Missouri, under programs of the federal government for the year ended December 31, 2023. The information in this Schedule 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the County, it is not intended to and does not present the financial position, changes in net position, or cash flows of Greene County, Missouri.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the 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.
De Minimis Rate Used: N
Rate Explanation: The County elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Greene County provided $598,205 of Coronavirus State and Local Fiscal Recovery Funds and $1,626,788 of Emergency Rental Assistance Funds to subrecipients in the current year.
Title: Coronavirus State and Local Fiscal Recovery Funds (ALN 21.027)
Accounting Policies: Expenditures reported on the Schedule are reported on the 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.
De Minimis Rate Used: N
Rate Explanation: The County elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
$457,530 of Coronavirus State and Local Fiscal Recovery Funds that were expended in the year ended December 31, 2022, are included in the Schedule of Expenditures of Federal Awards for the year ended December 31, 2023. The expenditures were identified as program expenses during the current fiscal year and have been reported on the Schedule of Expenditures of Federal Awards in accordance with reporting requirements.