Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Washington County Commission has elected not to use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of the Washington County Commission under programs of the federal government for the year ended September 30, 2023. The information in this 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 selected portion of the operations of the Washington County Commission, it is not intended to and does not present the financial position or changes in net position or cash flows of the Washington County Commission.
Title: Note 2 – Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Washington County Commission has elected not to use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 3 –Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Washington County Commission has elected not to use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance.
The Washington County Commission has elected not to use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance.
Title: Note 4 – Approved Project Worksheets
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Washington County Commission has elected not to use the 10-percent de minimis indirect cost rate as allowed in the Uniform Guidance.
The Washington County Commission incurred eligible expenditures in a previous fiscal year and the Federal Emergency Management Agency (FEMA) approved the Commission’s project worksheets during the fiscal year ended September 30, 2023. The Commission recorded the eligible expenditures of $2,118,643.82 in Assistance Lising Number 97.036 on this year’s Schedule of Federal Awards.