Audit 346924

Title: BASIS OF PRESENTATION Accounting Policies: All Federal grant operations of the County are included in the scope of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Single Audit). The Single Audit was performed in accordance with the provisions of the OMB Compliance Supplement (the Compliance Supplement). Compliance testing of all requirements, as described in the Compliance Supplement, was performed for the major grant program noted below. The programs on the Schedule of Expenditures of Federal Awards represent all Federal award programs with fiscal year 2024, cash or non-cash expenditures activities. We have evaluated the Federal financial assistance programs of the County for the year ended June 30, 2024, and have selected the major program listed below for testing. We tested to ensure coverage of at least 20% of federally granted funds and our coverage for testing was 81% of all Federal expenditures. Expenditures reported on the Schedule of Expenditures of Federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The County has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Federal Federal Major Programs Assistance Listing Expenditures Coronavirus State & Local Fiscal Recovery Funds - COVID-19 21.027 $ 950,670 Maryland Connected Devices Program - COVID-19 21.027 158,801 $ 1,109,471 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 (the Schedule) includes the Federal award activity of the County under programs of the Federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. CFR 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 assets, or cash flows of the County.