Notes to SEFA
Title: Note A ‐ Basis of Presentation
Accounting Policies: "Note A ‐ Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal award activity of Golden
Valley County under programs of the federal government for the years ended December 31, 2023 and 2022. The information 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 County, it is not intended to and does not present the financial position, changes in net position or fund balance of Golden Valley County. The County received federal awards directly from federal agencies.
Note B ‐ Significant Accounting Policies
Expenditures reported in the schedule are reported on the modified cash basis of accounting. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are"
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10% de minimis cost rate.
The accompanying schedule of expenditures of federal awards includes the federal award activity of Golden
Valley County under programs of the federal government for the years ended December 31, 2023 and 2022. The information 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 County, it is not intended to and does not present the financial position, changes in net position or fund balance of Golden Valley County. The County received federal awards directly from federal agencies.
Title: Note B ‐ Significant Accounting Policies
Accounting Policies: "Note A ‐ Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal award activity of Golden
Valley County under programs of the federal government for the years ended December 31, 2023 and 2022. The information 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 County, it is not intended to and does not present the financial position, changes in net position or fund balance of Golden Valley County. The County received federal awards directly from federal agencies.
Note B ‐ Significant Accounting Policies
Expenditures reported in the schedule are reported on the modified cash basis of accounting. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are"
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10% de minimis cost rate.
Expenditures reported in the schedule are reported on the modified cash basis of accounting. When applicable, 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. No federal financial assistance has been provided to a subrecipient.
Title: Note C – Indirect Cost Rate
Accounting Policies: "Note A ‐ Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal award activity of Golden
Valley County under programs of the federal government for the years ended December 31, 2023 and 2022. The information 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 County, it is not intended to and does not present the financial position, changes in net position or fund balance of Golden Valley County. The County received federal awards directly from federal agencies.
Note B ‐ Significant Accounting Policies
Expenditures reported in the schedule are reported on the modified cash basis of accounting. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are"
De Minimis Rate Used: N
Rate Explanation: The County has not elected to use the 10% de minimis cost rate.
The County has not elected to use the 10% de minimis cost rate.