Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with the accrual basis of
accounting and accounting principles generally accepted in the United States and amounts
presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal grant activity of the County of Montgomery, New York (County), under programs of the
federal government for the year ended December 31, 2023. The information in the 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 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 for the County.
Title: INDIRECT COSTS
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with the accrual basis of
accounting and accounting principles generally accepted in the United States and amounts
presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
Indirect costs are included in the reported expenditures to the extent that such costs are
included in the federal financial reports used as the source document for the data presented.
The County has not elected to use the 10 percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
Title: MATCHING COSTS
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with the accrual basis of
accounting and accounting principles generally accepted in the United States and amounts
presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
Matching costs, (i.e. the County’s share of certain program costs), are not included in the
reported expenditures.
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with the accrual basis of
accounting and accounting principles generally accepted in the United States and amounts
presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
No amounts were provided to sub-recipients.
Title: NONCASH AWARDS
Accounting Policies: Expenditures reported in the Schedule are presented in conformity with the accrual basis of
accounting and accounting principles generally accepted in the United States and amounts
presented are derived from the County’s general ledger.
De Minimis Rate Used: N
Rate Explanation: N/A
A significant portion of federal award programs do not involve cash awards to the County. The
value of these noncash awards has been recorded as expenditures on the Schedule of
Expenditures of Federal Awards. Those relating to the County are as follows:
Program Title
Federal
Assistance
Listing
Number Amount
U.S. Department of Health and Human Services:
Low Income Home Energy Assistance
Value of NYS Comptroller Expenditures 93.568 $ 4,452,764