Notes to SEFA
Title: REPORTING ENTITY
Accounting Policies: The accompanying schedules of awards are presented using the modified accrual basis
of accounting, which is described in Note 1 to the County's financial statements. The
County did not use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate
The COUNTY OF POTTER, (the "County") as the reporting entity for financial reporting
purposes is defined in Note 1 to the County's financial statements. For purposes of
preparing the schedules of awards, the County's reporting entity is the same as was used
for financial purposes.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedules of awards are presented using the modified accrual basis
of accounting, which is described in Note 1 to the County's financial statements. The
County did not use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate
The accompanying schedules of awards are presented using the modified accrual basis
of accounting, which is described in Note 1 to the County's financial statements. The
County did not use the 10% de minimis indirect cost rate.