Notes to SEFA
Title: Program Costs
Accounting Policies: This schedule is prepared on the same basis of accounting as the County’s financial statements. The County uses the modified accrual basis of accounting in all of the related governmental funds.
De Minimis Rate Used: Y
Rate Explanation: The County has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The amount expended includes $40,765 claimed as an indirect cost recovery using an approved indirect cost rate of 10-percent.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the County’s portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations 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.