Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: The accounting policies used in preparing the Schedule are the same as those used in the preparation of the governmental fund financial statements as described in Note 1 to the financial statements. Federal payments-in-lieu-of-taxes (PILT) are not considered to be federal awards.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the de minimis ten percent indirect cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Ravalli County under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirement 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 Ravalli County, it is not intended to and does not represent the financial position and change in net position of Ravalli County.
Title: 2. Summary of Significant Accounting Policies
Accounting Policies: The accounting policies used in preparing the Schedule are the same as those used in the preparation of the governmental fund financial statements as described in Note 1 to the financial statements. Federal payments-in-lieu-of-taxes (PILT) are not considered to be federal awards.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the de minimis ten percent indirect cost rate.
The accounting policies used in preparing the Schedule are the same as those used in the preparation of the governmental fund financial statements as described in Note 1 to the financial statements. Federal payment-in-lieu-of-taxes (PILT) are not considered to be federal awards.
Title: 3. 10% De Minimis Indirect Cost Rate
Accounting Policies: The accounting policies used in preparing the Schedule are the same as those used in the preparation of the governmental fund financial statements as described in Note 1 to the financial statements. Federal payments-in-lieu-of-taxes (PILT) are not considered to be federal awards.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the de minimis ten percent indirect cost rate.
The County has elected not to use the de minimis ten percent indirect cost rate.
Title: 4. Sub-Recipients
Accounting Policies: The accounting policies used in preparing the Schedule are the same as those used in the preparation of the governmental fund financial statements as described in Note 1 to the financial statements. Federal payments-in-lieu-of-taxes (PILT) are not considered to be federal awards.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the de minimis ten percent indirect cost rate.
Of the federal expenditures presented in the Schedule, the County provided no federal awards to sub-recipients.
Title: 5. Matching Contributions
Accounting Policies: The accounting policies used in preparing the Schedule are the same as those used in the preparation of the governmental fund financial statements as described in Note 1 to the financial statements. Federal payments-in-lieu-of-taxes (PILT) are not considered to be federal awards.
De Minimis Rate Used: N
Rate Explanation: The County has elected not to use the de minimis ten percent indirect cost rate.
The Schedule includes only federal expenditures. The County also had local matching contributions and expenditures of the following amounts for fiscal year 2023: $9,654 for the CARES Act Fund (ALN 21.019), $192,850 for the Homeland Security Grant (ALN 97.067), $62,662 for the Emergency Management Performance Grant (ALN 97.042)