Title: Basis of preparation
Accounting Policies: NOTE 1. BASIS OF PREPARATION
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
Lowndes County, Georgia (the “County), and is presented on the modified accrual basis of
accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards. Therefore, some amounts presented in the schedule may
differ from amounts presented in, or used in the preparation of, the basic financial statements.
NOTE 2. DE MINIMIS INDIRECT COST RATE
The County chose to use the ten percent de minimis cost rate for the year ending June 30, 2024.
NOTE 3. NON-CASH AWARDS
The County did not receive non-cash federal awards during the year ending June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Lowndes
County, Georgia (the “County), and is presented on the modified accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards. Therefore, some amounts presented in the schedule may differ from amounts
presented in, or used in the preparation of, the basic financial statements.
Title: De Minimis Indirect Cost Rate
Accounting Policies: NOTE 1. BASIS OF PREPARATION
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
Lowndes County, Georgia (the “County), and is presented on the modified accrual basis of
accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards. Therefore, some amounts presented in the schedule may
differ from amounts presented in, or used in the preparation of, the basic financial statements.
NOTE 2. DE MINIMIS INDIRECT COST RATE
The County chose to use the ten percent de minimis cost rate for the year ending June 30, 2024.
NOTE 3. NON-CASH AWARDS
The County did not receive non-cash federal awards during the year ending June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The County chose to use the ten percent de minimis cost rate for the year ending June 30, 2024.
Title: Non-cash Awards
Accounting Policies: NOTE 1. BASIS OF PREPARATION
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of
Lowndes County, Georgia (the “County), and is presented on the modified accrual basis of
accounting.
The information in this schedule is presented in accordance with the requirements of Title 2 U.S.
Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards. Therefore, some amounts presented in the schedule may
differ from amounts presented in, or used in the preparation of, the basic financial statements.
NOTE 2. DE MINIMIS INDIRECT COST RATE
The County chose to use the ten percent de minimis cost rate for the year ending June 30, 2024.
NOTE 3. NON-CASH AWARDS
The County did not receive non-cash federal awards during the year ending June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The County did not receive non-cash federal awards during the year ending June 30, 2024.